The Black Caps and England have been fined for maintaining a slow over-rate in the first Test in Christchurch.
Both teams have been fined 15 per cent of their match fees and penalised three World Test Championship competition points.
LATEST HEADLINES:
David Boon of the ICC Elite Panel of Match Referees imposed the sanctions after both England captain Ben Stokes and New Zealand's Tom Latham’s sides were ruled to be three overs short of the target after time allowances were taken into consideration.
In accordance with Article 2.22 of the ICC Code of Conduct for Players and Player Support Personnel, which relates to minimum over-rate offences, players are fined five per cent of their match fee for every over their side fails to bowl in the allotted time.
In addition, as per Article 16.11.2 of the ICC World Test Championship playing conditions, a side is penalised one point for each over short.
Both captains pleaded guilty to the offence and accepted the proposed sanction, so there was no need for a formal hearing.
On-field umpires Ahsan Raza and Rod Tucker, third umpire Adrian Holdstock and fourth official Kim Cotton levelled the charges.
The second test starts at the Basin Reserve on Friday.