Regulatory Alerts2026-04-13
Added · Updated
FMA Settles IPO Proceeding with CBL Director Peter Harris
The Financial Markets Authority has entered into a settlement with CBL Corporation Limited director Peter Harris to resolve claims regarding his liability in the company's 2015 Initial Public Offering. Mr. Harris has admitted to two contraventions of the Financial Markets Conduct Act 2013, though the High Court will determine the appropriate pecuniary penalty and potential banning order. The broader IPO proceeding against CBL and former director Alistair Hutchison is scheduled for trial on 14 April 2026.
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