meta_id 3354148

On April 29, 2026, the Financial Markets Authority (FMA) issued the Financial Markets Conduct (Climate-related Disclosures – MUFG Bank, Ltd.) Exemption Notice 2026 under section 556 of the Financial Markets Conduct Act 2013. The exemption notice grants MUFG Bank, Ltd. relief from specified climate-related disclosure requirements under the Financial Markets Conduct Act 2013 (FMC Act). The exemption is effective from April 29, 2026, and remains in force until July 31, 2028. This temporary relief allows MUFG Bank to operate under modified climate disclosure obligations during this period. The FMA, which administers the FMC Act, issued this secondary legislation to provide targeted regulatory flexibility for the financial institution. The exemption represents the FMA's approach to managing transition periods for entities subject to evolving climate-related disclosure standards. By granting time-limited exemptions, the FMA balances regulatory compliance with practical implementation considerations for financial institutions adjusting to new disclosure frameworks. This measure applies specifically to MUFG Bank, Ltd., a major international financial institution, and does not affect broader climate disclosure requirements applicable to other market participants under the FMC Act. The exemption notice is published on the New Zealand Legislation website and administered by the Financial Markets Authority. The temporary nature of the exemption, with a defined end date of July 31, 2028, suggests the FMA expects MUFG Bank to achieve full compliance with climate-related disclosure requirements by that date.