Former CBL managing director, Peter Harris, admits to continuous disclosure breaches and misleading conduct in a settlement with NZ's Financial Markets Authority.

Former CBL managing director Peter Harris admits to continuous disclosure breaches and misleading conduct in a settlement with New Zealand's Financial Markets Authority (FMA). The allegations involve Harris's failure to disclose material information regarding CBL Corporation Limited's (CBLC) primary operating subsidiary's need to strengthen reserves, aged receivables from a French insurance business, and official directions made to CBL's Irish subsidiary, during 2017 and 2018.