Category: MIL OSI

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Health News – Vape signals are a call for help from our Tamariki

Source: Asthma and Respiratory Foundation

To protect our rangatahi, the Asthma and Respiratory Foundation NZ (ARFNZ) and Life Education Trust NZ are calling for a complete stop to any more new Specialist Vape Retailers (SVRs) from setting up, and no front of store advertising or visibility of products.
There are now 1365 SVRs listed on the Health Advisory and Regulatory Platform (HARP), “How can our government sit back and let the next generation become addicted to nicotine?” says Foundation Chief Executive Letitia Harding.
“We are hearing the cry from our teachers, our students, and parents, that enough is enough. It is heartbreaking to hear from parents and grandparents that their tamariki and mokoupuna are so addicted to their vape that they must leave class to vape; that they take their vape to bed at night, and even into the shower”, adds Ms Harding.
ARFNZ and Life Education Trust NZ want to see urgency placed on quit vaping programmes, with dedicated funding to support rangatahi to quit vaping.
“We know the detrimental effects of nicotine on the developing brain, which is why we created the ‘Behind the Scenes’ theatre-in-education programme for secondary school students, that exposes the health risks of vaping and the influence of social media”, says John O’Connell, Chief Executive of Life Education Trust NZ.
The Foundation is also disappointed that the Government ignored calls for an outright ban on disposable vapes.
“An outright ban on disposables should have been part of the new regulations. We know that there are vaping stores selling disposable vapes with removable batteries and these are marketed as ” Prefilled vape pods – Just like a disposable vape but have a removeable battery.” Ms Harding adds, “Big Tobacco always finds a way to get around these sorts of subtle changes.”
Ms Harding says it is difficult to understand who the Government is taking advice from, “youth vaping is a significant health problem for young New Zealanders, with around 20% of high school students now regularly vaping. We need strong measures if we want to make a meaningful difference, and we need them now.”
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Business News – Pultron Composites is Hawke’s Bay ASB Exporter of the Year 2023

Source: Business Central

Pultron Composites is Hawke’s Bay ASB Exporter of the Year 2023
Pultron Composites has been named ExportNZ Hawke’s Bay ASB Exporter of the Year. In addition, the Gisborne company also won the T&G Global Best Established Business Award.
Pultron Composites were presented with the award last night by ASB Client Director, Tyler Ashworth, to a record sold-out awards dinner at Toitoi Hawke’s Bay Arts and Events Centre.
The judges were unanimous in awarding Pultron the ASB Exporter of the Year award. Pultron have navigated some of the most difficult markets in the world and negotiated significant joint ventures; their innovative products which will drive lasting material change. Pultron are constantly looking at how they can do things better, not only from building greater, stronger and more resilient products but also how their own staff can grow within the business. The combination of being a people centric business alongside a deep commitment to the community, aligned with exceptional products and a focus on fostering relationships, makes Pultron a local gem that the Tairāwhiti Gisborne region should be proud of.
The judges this year were Wayne Norrie, ONZM; Alasdair Macleod, Regional Economic Development Agency Chair; Paul Gestro, ASB International Trade Consultant; Sarah Sherriff, Founder of Dash Group; Julie Jackson, New Zealand Trade and enterprise Customer Director and Dan Martin, New Zealand Trade and Enterprise Customer Manager. 
ExportNZ’s Amanda Liddle said: “Year after year we are so fortunate to have the support of such high calibre and rigorous judges. We are grateful for their time – a huge amount of work and preparation goes in ahead of the awards evening to make sure exporters receive the recognition they deserve. Hawke’s Bay boasts a huge range of export talent and, as ever, it was incredibly difficult to determine who should win each award. My congratulations to Pultron Composites on an amazing and exceptional export growth journey!”.
In the award citation, the judges noted that Pultron have achieved remarkable export sales growth, having built significant and strategic partnerships in key export markets across the Middle East and North America. This has required vision, courage, patience and a long-term commitment to growing the business offshore. Pultron’s unique engineering products contribute to some of the most innovative infrastructure projects around the world and through to well-known consumer products such as snowmobiles and trampolines.
The judges awarded the Best Emerging Exporter award to Senator Boats. Senator Boats’ growth in the Australian market has come by executing a clearly defined go-to-market strategy partnering with Marine Dealers to deliver to local boating needs. They have a clearly defined route-to-market, a highly sought-after quality product and are passionate about supporting the growth of their people whilst also growing the business. With demand continuing to grow, they continue to innovate and win industry awards with their boat designs, setting the business up for long-term success.
The excellence in innovation category proved to be one of the hardest to judge this year, with the judges ultimately deciding to recognise two very different concepts.
A mature and internationally backed T&G Global have delivered innovation on a scale hard to ever imagine will be replicated in this region. Their state-of-the-art Whakatu packhouse brings new meaning to technical innovation, product quality, process automation and efficiency. Innovation began with the Envy apple, supported by an incredible packhouse, resulting in an outstandingly fresh, tasty and traceable Envy apple for customers around the globe, all from the true home of the world’s best apples – Hawke’s Bay.
Animals Like Us, a new business, have done an exemplary job diving deep into consumer and market insights to understand, define and execute on the opportunities around Premium Petfood. Their work in this space has allowed them to identify a clear gap in a crowded market and chart a path to global success and growth.
The inaugural Newstalk ZB Inspiring Women in Export award was won by Sally Gallagher, Founder of Apollo Foods which houses The Apple Press and Boring Oat Milk brands. The other finalists were Anna Holdsworth, Pultron Composites, Sue de Bievre, Beany, and Rebecca Klee, Animals Like Us. All four finalists are exceptional leaders in themselves, with a passion to support the community and inspire people to be the best they can be.
It was the long-term vision that edged Sally to the top; her desire to create a business that the Hawkes Bay can be proud of – a sustainable business with the infrastructure to support it, is community centric and people driven. Sally showed true emotion, recognised she is still learning, and demonstrated the desire and drive to hear past and present employees say “that’s a really cool company to work for”.
The Unsung Heroes Award, which recognises work behind the scenes in exporting companies, was shared by Cameron Taylor from Taylor Corp, Robyn Brady of Pure Kiwi International, and Danny and Marilyn Bearsley from Bearsley Exports. The judges said they couldn’t single out one person, so decided to recognise all three individuals “who, in their own way, each make a significant difference to exporting in the region.”
The Judges’ Choice Award, a discretionary category, was won by Wisewool. The judges were impressed by the passion and vision to transform a traditional raw material and industry into a future-focused product with global appeal. The origins of Wisewool go all the way back to exporting wool to the UK in 1894. With the prices of wool falling, and returns to farmers dropping, Wisewool have taken the opportunity and managed to turn the humble wool knop into a premium ‘ingredient’ in luxury upholstery products. They have researched the global opportunity and have a bright future ahead including plans to build a large factory in Tairāwhiti Gisborne to fuel their growth.
ASB’s Paul Gestro said this year’s finalists covered a broad spectrum of industry and international markets.
“These awards are a great chance to celebrate some of the country’s most innovative and inspiring companies and the achievements of the Hawke’s Bay export sector. It was particularly exciting to honour the many inspiring women in export for the first time this year. Congratulations to all of this year’s finalists and award winners – the region should be proud of these amazing achievements.”
Business Central delivers and supports ExportNZ in the Hawke’s Bay and wider Central New Zealand region, represents 3,500 employers and exporters across the lower North Island, providing advice, training, support, and advocates for policies that reflect the interests of the business community.
Full List of 2023 ExportNZ Hawke’s Bay Award Winners
– 2023 ASB Hawke’s Bay Exporter of the Year : Pultron Composites
– T&G Global Best Established Business Award: Pultron Composites
– ContainerCo Best Emerging Exporter Award: Senator Boats
– Southeast Asia Centre of Asia-Pacific Excellence in Innovation Award: T&G Global / Animals Like Us
– Newstalk ZB Inspiring Women in Export: Sally Gallagher, Founder of Apollo Foods
– Judges’ Choice Award: Wisewool
– Unsung Heroes Award: Cameron Taylor (Taylor Corp), Robyn Brady (Pure Kiwi International), Danny and Marilyn Bearsley (Bearsley Exports) 
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Animal Welfare – NZVA backs select committee report recommending national cat legislation

Source: NZ Veterinary Association

The New Zealand Veterinary Association (NZVA) has welcomed the Environment Select Committee’s report to government that recommends a nationwide cat management framework, saying it’s a ‘step in the right direction’.
After considering a petition by campaigner Erica Rowlands, the Environment Committee has recommended to government that legislation is developed to implement a nationwide cat management framework outlining that cats should be registered, desexed, and microchipped with appropriate exemptions. This model would help New Zealand achieve the national goal of being predator free by 2050.
NZVA Head of Veterinary Services (Companion Animal) Sally Cory said the NZVA, and its Companion Animals Veterinarians (CAV) branch, were very pleased to read the final report released by the Environment Select Committee. “The NZVA strongly supports the principles of responsible cat ownership that contribute to creating a harmonious relationship between people, animals and the environment,” she said.
“The introduction of a national approach to cat management is a step in the right direction for positive welfare outcomes for cats, as well as supporting the principles of responsible cat ownership. It is also integral in addressing and reducing the number of unwanted cats in New Zealand as well as protecting our wildlife.”
The Environment Select Committee report acknowledged there had been a marked change in the public’s attitude towards responsible dog ownership since the introduction of The Dog Control Act in 1996 and believed that a similar approach to cats would be a positive and significant move.
Sally Cory said, “The introduction of a legislative framework is in alignment with the National Cat Management Strategy Group which advocates for responsible cat ownership, humane cat management, and environmental protection.”
The National Cat Management Strategy Group (NCMSG) includes the NZVA, Companion Animals New Zealand, the SPCA, Predator Free NZ, Local Government New Zealand, and observer members Ministry for Primary Industries and the Department of Conservation. It has extensively reviewed cat issues in New Zealand and recommended comprehensive cat management, including requirements that companion cats be desexed, microchipped with registered details, and kept at home.
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Tech News – Avast Threat Report: Cyberthreat Risks Reach Three-Year High

Source: Botica Butler Raudon Partners

Avast telemetry shows phishing and scams focused on human manipulation account for over 75% of all desktop detections

AUCKLAND,  New Zealand, 11 August, 2023 – Social engineering — the use of psychologically manipulating people into sharing personal information — is now the biggest threat to online safety, according to Avast, a leader in digital security and privacy and brand of Gen™ (NASDAQ: GEN). The Avast Q2 Threat Report, released today, found that over 75% of all threat detections on desktops were attributed to scams, phishing, and malvertising. Data for the quarter, April through June 2023, also showed a significant increase in overall cyber risks, with an increase of 24% in unique attacks blocked over the previous period, the highest risk seen in three years. https://decoded.avast.io/threatresearch/avast-q2-2023-threat-report/

“Our findings signify a marked shift in the cybersecurity landscape,” said Jakub Kroustek, Avast Malware Research Director. “Not only are the number of threats some of the highest on record, but malicious actors are also turning more to psychological manipulation more often than traditional techniques of malware attacks. This results in the need for our security to adapt but also the need for people to better understand scams and educate themselves as an additional layer of defense.”  

The Rise of Scams

Scams of all types continue to increase, now accounting for over three-quarters of all detections. From April through June alone, Avast researchers have uncovered a range of prolific scams ranging from dating hoaxes to fraudulent donation sites to deceptive advertising to thousands of new phishing emails. The methods may vary, but the end goal remains the same: to deceive unsuspecting individuals into revealing sensitive information or parting with their hard-earned money.

Phishing – requests for information seemingly from a well-known and trusted entity such as a bank or a government agency – accounted for 25% of all threats in Q2. They prey on human instincts of trust and create a sense of urgency, compelling victims to divulge confidential information or engage in financial transactions under false pretenses. Furthermore, the adoption of smishing – phishing through SMS – has capitalised on the high open rates and innate trust individuals place in text messages.

There are also indicators of future trends on mobile, such as cybercriminals using AI to craft nearly perfect imitations of legitimate communication, making it increasingly difficult for individuals to differentiate between what is real and what isn’t.

Adware and Coinminers Decrease Slightly, Changing Approach

While adware showed a decline in prevalence in Q2 over the previous quarter, it continues to persist across desktop, mobile, and browser platforms. One notable example is the HiddenAds campaign, an adware threat attached to well-known gaming applications which garnered tens of millions of downloads during its app store reign.

In the ever-evolving landscape of cryptocurrency mining, coinminers have been facing a continuous decline in their activity, with a 4% decline in risk ratio over Q1 of 2023 supported by challenges for authors due to the shift from proof-of-work to proof-of-stake for numerous cryptocurrencies.

Avast Novel Research

Avast researchers continued to discover new remote access trojans such as HotRat, a .NET reimplementation of AsyncRat, featuring numerous new commands and features.

Another successful discovery was CVE-2023-29336, a local privilege escalation vulnerability in win32k on the Windows kernel. Prompt action led to a patch in the May security update, ensuring user safety via responsible disclosure.

Ransomware Continues to Taunt Businesses, Avast Releases Decryption Tools

Ransomware remained an ongoing concern in Q2 of 2023. Despite a slight decline in prevalence, ransomware authors persist in targeting victims, relying increasingly on targeted attacks and exploits to penetrate company networks. Notably, successful attacks on widely used software, such as PaperCut, underscore the evolving tactics of ransomware operators, who more than ever experiment with encryption-less extortion techniques and doxing.

To support individuals and businesses impacted, Avast researchers developed a free decryption tool for Akira Ransomware. This tool has already assisted numerous ransomed victims in restoring their files and businesses, further reinforcing our commitment to providing solutions and assistance to those in need.

Avast Free Antivirus, all Avast’s premium versions, and Avast Secure Browser provide top protection against phishing attacks, which is verified in quarterly tests by independent testing organisation AV-Comparatives.

The Avast Q2 2023 Threat Report can be found here: https://decoded.avast.io/threatresearch/avast-q2-2023-threat-report/

About Avast

Avast is a leader in digital security and privacy, and  part of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a  family of trusted consumer brands. Avast protects hundreds of millions of users from online threats, for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Avast is a member of the Coalition Against Stalkerware, No More Ransom and Internet Watch Foundation. Learn more at Avast.com.  Visit: www.avast.com.

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Local News – Porirua City Council receives top credit rating again

Source: Porirua City Council

Porirua City Council continues to maintain its AA credit rating with independent credit rating firm S&P Global.
Mayor Anita Baker says the S&P Global report (formerly Standard & Poor’s), is helpful not only in reassuring ratepayers that the Council’s books are sound, but also as a forecast of what may lay ahead.
“We’ve known for some time that our financial position is coming under extreme pressure because of the costs associated with 3 Waters infrastructure. This report notes that the next three years, our position will weaken as we debt fund these increasing infrastructure costs,” Mayor Baker says.
Mayor Baker was heartened by the following aspects that S&P commented upon in their report.
The Council adopts its budgets and long-term plans without delay and remains focused on being financially disciplined in its approach to borrowing and insurance policies, and it holds high levels of liquidity to reduce refinancing risks. Its insurance policies cover above ground and underground assets in case of natural disaster, thereby limiting its exposure to natural disaster-related costs.
Porirua adopted its 2023-2024 Annual Plan on June 29, 2023, with a continued focus on infrastructure investment on its water assets and addressing climate change. The plan follows
the third year of Porirua’s 2021-2051 Long-Term Plan but incorporates a higher increase in rates revenue to fund an unplanned shortfall in Wellington Water’s infrastructure budget.
Grants of NZ$4.6 million from the Crown’s “better off” funding package will also help fund maintenance works for the council’s water assets over the fiscal years 2023 and 2024. While debt will rise sharply over the next three years to fund this planned spending on water infrastructure, S&P Global do not view this as a weakening in the Council’s financial management or discipline.
Council Chief Executive Wendy Walker welcomed the report, which recognised the Council’s experienced management team, including Mayor Baker’s re-election for a second three-year term in October 2022.
“Our ongoing focus is on making our services as affordable as possible in a difficult financial environment.”
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Employment News – Commitment to pay transparency a long overdue step in the right direction

Source: PSA

The PSA welcomes the Government’s commitment to enforce pay transparency as a step forward to close the gender pay gap.
“Mandatory reporting of gender pay gaps for large employers is a cautious step in the right direction towards closing the gender pay gap which has failed to budge much in the last decade – women still earn 9% less than men on average,” said Kerry Davies, National Secretary of the Public Service Association Te Pūkenga Tikanga Mahi.
The Government today committed to consulting with stakeholders on the plan to make large employers (above 250 employees) publish their gender pay gap, falling to those employing 100 or more workers within four years.
“Pay gap transparency is important because without it, discrimination is hidden, and this reduces awareness and pressure to address it. Gender and ethnic pay gaps have long-term impacts on quality of life and leave people at higher risk of poverty. So, we also need transparency by ethnicity. Pacific women carry a double burden and have the lowest pay rates in the country. We urge the Government to adopt mandatory ethnic pay gap reporting as well.
“We know pay transparency works because we’re doing it in the Public Service. Since 2018 the public service gender pay gap has dropped from 12.2% to 7.7%. This is because agencies have identified their pay gaps and we’ve worked together on action plans to eliminate those gaps.
“Other countries we compare ourselves to, like the UK and Australia legislated to require pay transparency some years ago, and the evidence is clear – it makes a difference, it helps reduce pay discrimination.
“We urge National and ACT to support this move and commit today that if they form a government after 14 October, they will continue this process. They should listen to their supporters. A Talbot Mills survey in May showed 56% of National voters and 53% of ACT voters support pay transparency.
“Good employers are already doing this, and others should have nothing to fear – it’s simply the right thing to do, and in a tight labour market, it sends a very clear signal of the priority they place on ensuring everyone is treated equally.
“If politicians needed a reminder of the wisdom of doing this, the Retirement Commission said last month that the gender pay gap was a big reason why women on average have KiwiSaver balances 25% lower than men.
“However, we don’t think this goes far or fast enough as many women are employed by companies employing fewer than 100 workers. It should be all employers if we really want to make a lasting difference.
“Last year we celebrated 50 years since the Equal Pay Act was passed – today marks another, long overdue step to the promise of that Act, but ultimately, collective bargaining through strong unions is the best way to achieve sustained increases in pay rates for all,” said Davies.
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Rural News – Innovators and Champions honoured at 2023 Arable Awards

Source: Federated Farmers

Doing things differently and striving for new ways to lift productivity and income helped earn Blair and Jody Drysdale of Hopefield Hemp the Innovation title at the Arable Awards of New Zealand 2023.
Those hallmarks featured strongly among winners of many of the 12 awards presented tonight at Christchurch Airforce Museum in front of an arable sector audience of more than 600.
As Federated Farmers Arable Chair David Birkett noted, that turnout to the awards is not far short of double the ticket sales of the inaugural event last year and is testament to the good spirit and progressiveness in the sector, and eagerness to “celebrate our best and brightest”.
Judges said the Drysdales, third generation farmers at Balfour in northern Southland, had the courage to review their traditional arable and beef production systems and step into the world of hemp growing, processing, manufacturing and marketing. From early days when they would process hemp hand and body cream in a kitchen cake mixer, they’ve steadily upped production to now encompass a full range of hemp oils, balms and health capsules.
Arable Food Champion Award winners Rob and Toni Auld can tell a similar story. It was nearly 20 years ago that the Aulds decided to look beyond traditional farm income streams to start making a range of whiskys, gins and other spirits from the wheat, oats and barley grown on their Southland farm. Auld Farm Distillery, last year’s Innovation Award winners, is now the third largest whisky producer in New Zealand.
The Arable Farmer of the Year, Hugh Richie, knows the value of perseverance. Running 880ha of crops and 1120ha in stock finishing in the Hawke’s Bay, his business took a huge hit from Cyclone Gabrielle. But judges noted Hugh had built a diverse farm system to cope with change and adversity.
“He’s always looking to do better, always looking to see what he can learn from,” the judging panel said. “Hugh was proactive and supportive of the Cultivate Investments concept for the industry.”
Three Grower of the Year awards were presented: Maize, David and Adrienne Wordsworth from Northland; Small Seeds, Andy and Jo Innes from Rakaia; and Grain, Sam and Hannah Grant from Ashburton. Strong yields, willingness to use new technology and strong connections/giving back to their industry are common denominators across these top growers.
The Researcher of the Year, Dr Richard Chynoweth from the Foundation for Arable Research, is credited with making an outstanding contribution to seed research, with his work on the mechanisms of ryegrass flowering revolutionizing knowledge in this field.
Timaru’s Andrew and Amy Darling, Federated Farmers members who – in the words of the judges – “walk the talk” on the likes of soil health, minimum tillage and precision fertilizer use, took out the Environmental and Sustainability Award.
Also passionate about the arable industry in New Zealand is the winner of the Emerging Talent Award, James Abbiss of Silverton Pastoral. The operations manager on the family farm in Feilding, James has filled leadership and governance roles at the Foundation for Arable Research and led a study tour to the UK aimed at learning what overseas systems might tell us.
Other winners were:
Agronomist of the Year – Paul Johnston of Yara Fertilizers Ltd
Plant Breeder/Plant Researcher of the Year – The Barenbrug New Zealand Plant Breeding Team
Arable Employer of the Year – PGG Wrightson Seeds.
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Business News – FONTERRA UPDATES FY23 EARNINGS GUIDANCE

Source: Fonterra

Fonterra Co-operative Group has today provided an update on its forecast normalised earnings for FY23 and full year dividend.

CEO Miles Hurrell says while the Co-op is still in the process of finalising and having its FY23 numbers audited, it expects to end the year at the top end of its forecast range of 65-80 cents per share.

“Fonterra has reported strong earnings through FY23 off the back of favourable Ingredients margins. As we close out our books, we’re in a position to provide further guidance on where we expect to end the year.  

“Furthermore, we expect to pay a full year dividend at the top end of our dividend policy, which is 40-60% of normalised earnings,” says Mr Hurrell.

The full year dividend comprises the interim dividend of 10 cents per share already paid, plus the final dividend expected to be paid in October.

Fonterra will confirm its final FY23 earnings and full year dividend when it reports its financial results in September.

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Rental price indexes: July 2023 – Stats NZ information release

Rental price indexes: July 2023 – Information release

11 August 2023

The rental price indexes measure the changes in prices that households pay for housing rentals.

Key facts

Monthly change

In July 2023 compared with June 2023:

  • the index for the stock measure of rental property prices rose 0.4 percent
  • the index for the flow measure of rental property prices fell 0.1 percent.

Annual change

In July 2023 compared with July 2022:

  • the index for the stock measure of rental property prices increased by 4.1 percent
  • the index for the flow measure of rental property prices increased by 4.1 percent.

Visit our website to read this information release and to download CSV files:

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Economy News – RBNZ’s Relationship Charter shows continued growth in regulatory relationships

Source: Reserve Bank of New Zealand

Findings from the latest Reserve Bank of New Zealand – Te Pūtea Matua Relationship Charter survey show significant improvements among insurer stakeholders in their ratings of the relationship with RBNZ.

We launched the Relationship Charter in 2018 to provide a shared understanding of how the RBNZ and firms should work together and help us achieve our goal of building the best possible ‘regulator-regulated’ relationships, Director of Prudential Supervision Scott McKinnon says.

Every year we measure how we are performing against the charter by surveying banks and insurers. This year non-bank deposit takers (NBDTs) were surveyed for the first time as well.

“We are continuing to evolve our supervisory approach based on feedback received from our regulated entities and I’m proud of the progress that we’ve achieved. The increase in the ratings from our regulated insurers since last year is particularly encouraging,” Mr McKinnon says.

“I also acknowledge that there is always room for further improvement. We will continue to assess the results and look for ways in which we can develop our regulated relationships even more.”

Participants highlighted many aspects where the Reserve Bank performed well over the past 12 months, including having regular, open and honest communication and engagement, the RBNZ having managed time frames and agendas well, and indicated that stakeholders have found RBNZ events and meetings to be helpful and engaging.

Key suggestions for what the Reserve Bank could do differently to improve the relationship included more proactive and personal contact from RBNZ, and flexibility on regulatory projects.

Key findings:

90% of bank participants gave an overall rating of ‘good’ or ‘very good’ for the relationship. This is similar to previous years (93% in 2022 and 91% in 2021).
Insurer participants’ ratings of the overall relationship with the Reserve Bank have increased significantly since last year (92% rating the relationship as ‘good’ or ‘very good’ in 2023 compared to 72% in 2022).
A majority (78%) of non-bank deposit taker participants rated their overall relationship with RBNZ strongly. We are very happy with this result, given the Reserve Bank does not directly supervise this sector (that role being undertaken by Corporate Trustees).
We asked new questions about RBNZ’s prudential policy consultation process. The 3 sectors combined gave an overall rating of 76% ‘good’ or ‘very good’.

What happens next?

We are continuing to evolve our supervisory approach based on the feedback received from firms and we will continue looking for ways in which we can improve our relationship even more.

More information

Our relationship charter with regulated entities https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=d91354189c&e=f3c68946f8