Financial Markets Authority - Latest News [Page 1]

FMA Reports On Monitoring Of Financial Services Firms And Advisers

Thursday, 24 September 2020, 8:56 am | Financial Markets Authority

A Financial Markets Authority (FMA) report on its supervision activities over the past 18 months says large parts of the financial services sector are working hard to meet the FMA’s expectations, but called for further and more widespread improvements ... More >>

FMA Prevents CLSA Premium NZ Ltd (formerly KVB Kunlun) From Offering Derivatives To Retail Investors

Tuesday, 22 September 2020, 1:05 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has imposed conditions on the derivatives issuer licence of CLSA Premium New Zealand Limited (CLSAP NZ) that prevent the firm from making an offer to, or receiving further funds from, retail investors in relation ... More >>

Pegasus Markets And Director Found Guilty Of Abusing FSPR

Friday, 11 September 2020, 1:16 pm | Financial Markets Authority

Pegasus Markets Ltd and its New Zealand-based director, Michael Reps, have been found guilty of all criminal charges brought by the Financial Markets Authority (FMA) for breaches to the Financial Service Providers (Registration and Dispute Resolution) ... More >>

FMA Files Criminal Charges In Relation To Forestlands

Wednesday, 9 September 2020, 3:04 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has filed criminal charges against an individual in relation to the Forestlands group of companies, for alleged disclosure and financial record keeping breaches. The FMA claims relate to: · omissions of security arrangements ... More >>

Scam Targets China-NZ Money Transfers During COVID-19

Tuesday, 8 September 2020, 12:17 pm | Financial Markets Authority

The Financial Markets Authority (FMA) is warning people to be wary of scammers attempting to impersonate the FMA as part of a money transfer scam. On 5 August, the FMA was contacted by a woman who had tried to transfer a significant amount of money from ... More >>

Bonds: The Overlooked Asset Many New Zealanders Don’t Invest In

Wednesday, 2 September 2020, 10:35 am | Financial Markets Authority

FMA releases investor guide to bonds as market volatility continues The Financial Markets Authority (FMA) has published a new investor guide to bonds , designed to help novice investors find out more about an asset class that only 6% of Kiwis invest ... More >>

FMA Appoints New Director Of Investment Management

Thursday, 27 August 2020, 9:04 am | Financial Markets Authority

The Financial Markets Authority (FMA) has strengthened its executive team, appointing Paul Gregory to the newly created role of Director of Investment Management. Mr Gregory will re-join the FMA from PIE Funds, where he is currently Chief Operating Officer. ... More >>

FMA Releases Report Into Active And Passive Fund Management

Monday, 24 August 2020, 9:53 am | Financial Markets Authority

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More >>

Free Financial Advice As Kiwis Take Greater Interest In Finances

Friday, 7 August 2020, 12:40 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has partnered with Financial Advice New Zealand to make free and generic financial advice available in Hamilton, as New Zealanders take a greater interest in their finances and investments due to the impact of COVID-19. ... More >>

KiwiSaver Statements Starting To Help Members Take Action

Thursday, 6 August 2020, 9:17 am | Financial Markets Authority

A third of KiwiSaver members who read their annual statement this year recalled seeing their projected retirement lump sum, a Financial Markets Authority (FMA) survey has found . This year, for the first time, members’ statements included an estimated ... More >>

FMA Outlines Short-term Priorities In Response To COVID-19

Monday, 27 July 2020, 4:05 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has today released an information sheet outlining its priorities over the next three to six months as New Zealand continues to respond to COVID-19. Rob Everett, FMA CEO, said COVID-19 has significantly impacted the global ... More >>

FMA Publishes Derivatives Issuer Sector Risk Assessment

Friday, 24 July 2020, 9:10 am | Financial Markets Authority

The Financial Markets Authority (FMA) has today published a report identifying key risks in the Derivatives Issuer (DI) sector and highlighted future focus areas to improve sector compliance. Derivatives are complex financial instruments and trading ... More >>

Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Wednesday, 22 July 2020, 9:09 am | Financial Markets Authority

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More >>

FMA Publishes NZX Obligations Annual Review

Tuesday, 30 June 2020, 9:46 am | Financial Markets Authority

NZX met its statutory obligations as a licensed market operator for the period 1 January to 31 December 2019, according to the Financial Markets Authority (FMA)’s annual review. The NZX General Obligations Review , published by the FMA today, found ... More >>

FMA Welcomes Start Date Of New Financial Advice Regime And Confirmation Of Disclosure Requirements

Thursday, 25 June 2020, 11:42 am | Financial Markets Authority

The Financial Markets Authority (FMA) is encouraging financial advisers to apply for their transitional licences by the end of the year, as the Government announces final details of the new financial advice regime. The Government today released the ... More >>

FMA Files Proceedings Against CLSAP NZ (formerly KVB Kunlun) For Alleged Anti-Laundering Breaches

Tuesday, 23 June 2020, 4:04 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has filed civil High Court proceedings against CLSA Premium New Zealand Limited (CLSAP NZ) for alleged breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. CLSAP NZ, formerly ... More >>

FMA Statement On Director Liability And Continuous Disclosure

Wednesday, 17 June 2020, 2:30 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has considered the need for regulatory relief in relation to director liability thresholds, following changes in Australia. The Australian Government has, for a period of six months from 26 May 2020, relaxed the ... More >>

FMA KiwiSaver Tracker Updated, Showing Part Of COVID-19 Impact

Wednesday, 17 June 2020, 11:13 am | Financial Markets Authority

The FMA’s online KiwiSaver tracker tool has been updated with the quarterly fund information for March 2020, reflecting the volatility that hit markets in the first quarter of the year. The tracker allows comparisons over both a five-year and one-year ... More >>

FMA Opens Consultation On Standard Conditions For Full Licensing For Financial Advice

Wednesday, 17 June 2020, 9:16 am | Financial Markets Authority

The Financial Markets Authority (FMA) has opened consultation on the proposed full licence standard conditions for Financial Advice Providers, as part of the new financial advice regime. The FMA is considering eight standard conditions for full licences: ... More >>

Rodney McCall (aka Rodney Crichton) Pleads Guilty To Crimes Act And FMA Act Charges

Thursday, 11 June 2020, 6:33 pm | Financial Markets Authority

Rodney McCall, also known as Rodney Crichton, has today plead guilty to charges brought by the Financial Markets Authority (FMA). In the Manukau District Court, Mr McCall plead guilty to: Two representative charges of obtaining by deception under ... More >>

 

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL