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Financial Markets Authority - Latest News [Page 1]
FMA Publishes Guidance Note For Providers Of Client Money Or Property Services
Wednesday, 24 July 2024, 12:07 pm | Financial Markets Authority
The guidance addresses previous issues the FMA observed through monitoring visits and misconduct cases and was finalised following consultation with providers and custodians in 2022. More >>
FMA Censures CTRL For Derivatives Issuer Licence Breaches
Friday, 19 July 2024, 1:30 pm | Financial Markets Authority
CTRL notified the FMA of the NTA breach in October 2023 following FMA enquiries about the late filing of its financial statements for the year ended 31 March 2023. More >>
Understanding Fairness In Financial Services
Thursday, 18 July 2024, 10:47 am | Financial Markets Authority
The majority of New Zealanders generally agree on what constitutes fairness in financial services, research commissioned by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has found. More >>
FMA Censures DeVere For Breaching Its Licence Obligations
Wednesday, 3 July 2024, 11:36 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tatai Hokohoko – has censured Auckland-based financial services firm deVere New Zealand Limited (deVere) for failing to comply with obligations under its Financial Advice Provider (FAP) licence. More >>
NZX Meets Its Market Operator Licence Requirements – FMA Report
Tuesday, 25 June 2024, 2:49 pm | Financial Markets Authority
The annual NZX Market Operator Obligations Review, released today, assesses how well the NZX is meeting the requirements for its market operator licence. The report found NZX met all its obligations during the review period from 1 January 2023 to 31 December ... More >>
Time For Your Annual KiwiSaver Health Check
Tuesday, 25 June 2024, 9:14 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – and the Retirement Commission – Te Ara Ahunga Ora – are together calling on KiwiSaver members to check their annual statements this year and see if they are on track for their retirement ... More >>
FMA Publishes Auditor Regulation And Oversight Plan
Thursday, 20 June 2024, 1:24 pm | Financial Markets Authority
The plan is similar to last year’s. As the FMA has moved to annual monitoring of audit firms, rather than periodic reviews previously, our approach is continuously updated where appropriate. More >>
FMA And XRB Issue User Guides To Help Users Of Climate Statements
Wednesday, 19 June 2024, 10:16 am | Financial Markets Authority
The “What You Need to Know” guide provides an overview of the CRD regime for people such as primary users (existing and potential investors, lenders, and other creditors) of climate statements, journalists and other intermediaries who use or ... More >>
FMA Provides Additional Support To Smaller Firms For CoFI Licensing
Friday, 14 June 2024, 11:24 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has today published an information sheet specifically for smaller firms to assist in establishing and maintaining a Fair Conduct Programme (FCP) and applying for a Financial Institution ... More >>
FMA Files Civil Proceedings Against Booster Investment Management Ltd And Individual Directors And Senior Managers
Wednesday, 12 June 2024, 1:25 pm | Financial Markets Authority
The proceedings allege breaches of the Financial Markets Conduct Act (FMCA) by BIML and the following directors and senior managers of BIML: Allan Yeo (director), Paul Foley (director), Brendon Doyle (former director), David Beattie (senior manager) ... More >>
FMA Opens Consultation On Proposed Standard Conditions For Derivatives Issuers
Tuesday, 11 June 2024, 8:01 pm | Financial Markets Authority
The proposed changes have been identified in the FMA’s 2020 Derivatives Issuer Sector Risk Assessment (SRA) and subsequent monitoring of the sector. More >>
Statement Re Adjournment Of FMA’s IPO Proceeding Against CBLC, Peter Harris, Alistair Hutchison & Carden Mulholland
Friday, 7 June 2024, 7:00 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – acknowledges the High Court’s decision to adjourn the trial for the FMA’s Initial Public Offer (IPO) proceeding against CBLC (in liquidation), its managing director Peter Harris, ... More >>
FMA Cancels Stockfox Limited’s FAP Licence
Friday, 31 May 2024, 3:57 pm | Financial Markets Authority
The stop order prohibits McEwen and Associates from making offers, issues or sales or other disposals of McEwen and Associates’ financial products or accepting contributions, investments, or deposits in respect of those products. More >>
FMA Publishes First Monitoring Insights Report Into Financial Advice Providers
Thursday, 30 May 2024, 7:32 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today published its first monitoring report of the new financial advice regime. More >>
Matthew Hill To Pay $100,000 Penalty For Breaching Financial Markets Legislation
Tuesday, 28 May 2024, 4:34 pm | Financial Markets Authority
The High Court has imposed a pecuniary penalty of $100,000 against Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, for making false and misleading representations in breach of the Financial Markets ... More >>
FMA Files Civil Proceeding Against Individual For Making Alleged False Or Misleading Representations And Other Breaches
Monday, 20 May 2024, 2:23 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has filed civil proceedings against Rangi Wyatt Stephen Savage for making an unregulated public offer for the sale of shares in The Powder Shed Tokoroa Limited (Powder Shed). Mr Savage ... More >>
FMA Underlines Importance Of Effective Liquidity Risk Management For Fund Managers
Tuesday, 23 April 2024, 10:19 am | Financial Markets Authority
This guide updates and replaces the FMA’s 2020 Best practice guide for liquidity management and stress testing. More >>
FMA Introduces New Standard Condition On Business Continuity And Technology Systems
Monday, 8 April 2024, 1:54 pm | Financial Markets Authority
FMA introduces new standard condition on business continuity and technology systems plus new process for reporting operational incidents The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is introducing a new standard condition for ... More >>
FMA Opens Consultation On Potential Class Exemption For Certain GSSS Bonds
Wednesday, 3 April 2024, 7:43 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is considering a class exemption that would allow listed companies to bring certain green, social, sustainable, and sustainability-linked (GSSS) bonds to market more quickly and without ... More >>
FMA Warn Southern Cross Medical Care Society And Southern Cross Pet Insurance For Financial Markets Legislation Breaches
Tuesday, 26 March 2024, 10:22 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued warnings to Southern Cross Medical Care Society (SCMCS) and Southern Cross Pet Insurance (SPCI) for failing to apply advertised discounts to each entities’ respective insurance ... More >>
