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Financial Markets Authority - Latest News [Page 1]

FMA Publishes Market Cleanliness Research Report Into New Zealand Equity Market

Thursday, 31 October 2024, 9:27 am | Financial Markets Authority

Market Cleanliness in the New Zealand Equity Market research, published today, examined trading behaviour at a macro level in the lead up to market announcements between 2004-2024. More >>

FMA Publishes 2024 Annual Report

Thursday, 24 October 2024, 2:52 pm | Financial Markets Authority

FMA Chief Executive, Samantha Barrass, said: "This year has seen the passing of milestones in key areas related to our expanding remit, including Conduct of Financial Institutions and Climate-related Disclosures. More >>

FMA Publishes First Insights Report Into Discretionary Investment Management Services Sector

Thursday, 24 October 2024, 5:56 am | Financial Markets Authority

DIMS is a large part of the wealth management sector in New Zealand. It involves investors giving their provider authority to use their discretion about buying and selling financial products on their behalf. More >>

FMA Publishes Research On Commercial Real Estate And The Kiwisaver Industry

Monday, 14 October 2024, 9:44 am | Financial Markets Authority

Commercial real estate has become an important alternative asset class for fund managers, and was previously seen as a relatively low-risk investment option within a diversified portfolio. More >>

FMA Files Proceedings Against ASB For Alleged Fair Dealing Breaches

Tuesday, 8 October 2024, 1:17 pm | Financial Markets Authority

The FMA alleges that the misapplication of the multi policy discount arose through errors in the manual process undertaken by ASB staff at the point of sale for insurance products. More >>

AA Insurance To Pay $6.175 Million Penalty For Misleading Customers

Monday, 7 October 2024, 12:18 pm | Financial Markets Authority

AAI admitted its conduct, which resulted in approximately $11.12 million in overcharges, breached section 22 of the Financial Markets Conduct Act (FMC Act). The breaches primarily arose out of failure and deficiencies in its systems and processes. More >>

FMA Appoints Kari Jones As Executive Director Transformation And Operational Delivery

Thursday, 3 October 2024, 4:38 pm | Financial Markets Authority

Kari joins the FMA from Health New Zealand, Te Whatu Ora, where she is Chief Data Officer, leading a team of over 170 people. Prior to joining Health New Zealand, she specialised in advanced analytics and insights at Woolworths. More >>

FMA Files Civil Proceedings Against QEX Logistics Limited And Its Director, Jingjie Xue

Wednesday, 2 October 2024, 10:30 am | Financial Markets Authority

The FMA alleges that QEX, an FMC reporting entity, failed to prepare and lodge its financial statements for the year ending 31 March 2021, 2022, and 2023 with the Registrar of Companies. More >>

KiwiSaver Passes Milestone Of $100 Billion Of Funds Under Management

Tuesday, 24 September 2024, 1:15 pm | Financial Markets Authority

John Horner, FMA Director Markets, Investors and Reporting, said, “Breaking through the $100 billion mark is something to celebrate; for a relatively small country like New Zealand, it represents a coming of age of KiwiSaver.” More >>

FMA Files Criminal Proceedings Against Individual For Alleged Insider Trading

Tuesday, 17 September 2024, 10:53 am | Financial Markets Authority

A criminal proceedings has been filed against an individual for alleged insider trading relating to the buying and selling of shares in Heartland Group Holdings Limited (HGH) the financial markets authority More >>

FMA Publishes Ethical Investing Disclosure Insights Update

Monday, 16 September 2024, 2:28 am | Financial Markets Authority

The insights follow the FMA’s 2022 thematic review of how managed investment scheme (MIS) managers had applied the FMA’s disclosure framework for integrated financial products guidance issued in 2020. More >>

Understanding Artificial Intelligence In Financial Services

Monday, 16 September 2024, 2:22 am | Financial Markets Authority

Effective AI integration requires careful consideration of data quality, technology choice, and documentation. Our research underscores these aspects as critical for minimising risks and ensuring ethical use. More >>

FMA Cancels Rockfort Markets’ Derivative Issuer Licence Following High Court Appeal

Monday, 16 September 2024, 2:06 am | Financial Markets Authority

The FMA has cancelled Rockfort Markets' Derivative Issuer licence due to significant breaches of licence obligations, citing ongoing non-compliance and inadequate governance. More >>

FMA Cancels Integrity Advisers Insurance Limited’s Financial Advice Provider Licence

Sunday, 15 September 2024, 11:06 pm | Financial Markets Authority

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has cancelled Integrity Advisers Insurance Limited’s (Integrity) Financial Advice Provider (FAP) licence for engaging in serious misconduct. More >>

FMA Files Criminal Charges Against Former Financial Adviser

Sunday, 15 September 2024, 10:49 pm | Financial Markets Authority

The FMA alleges that the defendant procured approximately $1.7 million from two sets of clients on the basis that he would invest the funds procured on their behalf. More >>

CBL Managing Director Peter Harris Ordered To Pay $1.4m Penalty For Fair Dealing And Continuous Disclosure Breaches

Thursday, 22 August 2024, 2:20 pm | Financial Markets Authority

The High Court has ordered Peter Harris, the former CBL Corporation Limited (In Liquidation) (CBLC) managing director, to pay a penalty of $1.4 million for continuous disclosure and misleading conduct breaches following proceedings brought by the Financial Markets ... More >>

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