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Chapter 3: The context

The implementation of the new climate-related disclosures regime is progressing well with the first climate standards expected to be issued by the XRB in December 2022 and the first climate statements likely to be produced in early 2024.

Chapter 2: Executive Summary

We propose to introduce direct licensing of CRD assurance practitioners with the Financial Markets Authority (FMA) as the regulator. We also propose to extend the assurance requirement to all disclosures in the climate statement.