Financial Markets Authority - Latest News [Page 1]

AIA Admits False And Misleading Representations To Customers In FMA Fair-dealing Proceedings

Thursday, 29 July 2021, 11:52 am | Financial Markets Authority

Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko. The case was filed in the Auckland High Court and alleges three ... More >>

FMA Releases Cyber Resilience Info Sheet For Financial Advice Providers

Thursday, 29 July 2021, 9:02 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has today published an information sheet containing principles and resources to help licensed financial advice providers develop their cyber resilience. Financial advice provider licensing ... More >>

FMA Censures FoxPlan For Providing And Offering Unpermitted Financial Advice Services

Wednesday, 28 July 2021, 10:03 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has formally censured Wellington-based financial services firm FoxPlan Ltd, after one of its nominated representatives provided services he was not permitted to give and other representatives ... More >>

FMA Warns Investors About Scammers Impersonating NZ Derivatives Issuer

Tuesday, 27 July 2021, 12:22 pm | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning investors to be wary of scammers impersonating New Zealand-based derivatives issuer Rockfort Markets Limited. The FMA last week issued scam warnings about www.rockfortmarket.net ... More >>

FMA Publishes Annual Corporate Plan

Monday, 19 July 2021, 11:05 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has today published its Annual Corporate Plan, which sets out the FMA’s activities for 2020/21 that will promote the regulator’s strategic priorities, address regulatory risks and ... More >>

FMA Issues Infringement Notice To Equitise

Wednesday, 14 July 2021, 9:11 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has issued an infringement notice to equity crowdfunding service provider Equitise Pty Ltd for failing to file financial statements by their due date. Equitise has been licensed ... More >>

FMA Concludes Inquiries Into Fonterra’s 2019 Financial Statements And Complaints

Friday, 9 July 2021, 8:58 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has closed its inquiries that followed Fonterra’s 2019 financial statements market announcement. The FMA did not find evidence to support regulatory action, including litigation, ... More >>

FMA Cancels Fund Managers Otago Licence

Wednesday, 7 July 2021, 4:38 pm | Financial Markets Authority

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has cancelled the managed investment scheme manager licence of Fund Managers Otago (FMO). This is the first time the FMA has proactively cancelled a MIS manager licence. James ... More >>

FMA Survey Shows Changing Investor Preferences And Continuing Confidence In The Markets

Wednesday, 7 July 2021, 11:55 am | Financial Markets Authority

Confidence in New Zealand’s financial markets has continued to rise in the last twelve months, following a significant rebound in financial market performance, while more people are shifting from term deposits to shares. For the first time, the FMA’s ... More >>

FMA Publishes NZX Obligations Annual Review

Wednesday, 30 June 2021, 9:23 am | Financial Markets Authority

NZX made notable improvements to its regulatory arrangements and monitoring in 2020, according to the annual obligations review of New Zealand’s licensed stock exchange by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko. However, as detailed ... More >>

FMA Releases Guide For ‘finfluencers’

Monday, 28 June 2021, 12:06 pm | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has released a guide to talking about money online following concerns some social media influencers and bloggers may be straying into regulated financial advice. Rob Everett, FMA Chief ... More >>

Thousands Of Young New Zealanders Missing Out On Investment Returns

Tuesday, 25 May 2021, 10:29 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging young New Zealanders to check they’re in the right KiwiSaver fund. The call follows data indicating over 12,000 KiwiSaver members aged 26-35 years old are sitting in lower ... More >>

New Default KiwiSaver Settings Designed To Benefit Members

Friday, 14 May 2021, 10:51 am | Financial Markets Authority

The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members. Finance ... More >>

Supreme Court Rejects Sentence Appeal By PTT’s Steven Robertson

Tuesday, 11 May 2021, 11:30 am | Financial Markets Authority

The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has welcomed the Supreme Court’s decision to dismiss a sentence appeal by Steven Robertson of PTT Limited, bringing the matter to a close. Mr Robertson defrauded 22 victims of approximately ... More >>

CLSAP (formerly KVB Kunlun) Admits To Anti-money Laundering Breaches

Thursday, 6 May 2021, 9:25 am | Financial Markets Authority

CLSA Premium New Zealand Limited (CLSAP NZ) has admitted to breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA). The ... More >>

Advertising Phenomenal Investment Returns For The Last Year Could Mislead Investors, FMA Says

Wednesday, 21 April 2021, 9:15 am | Financial Markets Authority

The Financial Markets Authority (FMA) is warning the funds management industry to avoid advertising large investment returns for the 12-month period to March 31, 2021, as this could mislead investors. The period includes none of the severe February ... More >>

FMA Expects KiwiSaver Managers To Follow Four Key Principles To Show Value For Money

Wednesday, 14 April 2021, 1:50 pm | Financial Markets Authority

Fund managers are expected to annually review their fees and value for money with their supervisors and prove to the Financial Markets Authority (FMA) the review has happened, as a result of final guidance on fund manager fees and value for money ... More >>

FMA Board Announces Chief Executive Will Leave At End Of 2021

Tuesday, 16 March 2021, 10:44 am | Financial Markets Authority

The Financial Markets Authority (FMA) Board today announced that Chief Executive Rob Everett had resigned and would leave the organisation towards the end of the year. FMA Chair Mark Todd said Mr Everett has done an outstanding job as the FMA’s ... More >>

FMA Monitoring Shows Steady Improvement In Quality Of Listed Company Audits

Friday, 13 November 2020, 9:59 am | Financial Markets Authority

The Financial Markets Authority (FMA) today released its Audit Quality Monitoring Report for 2020 . The annual review, part of a three-year monitoring cycle of all licensed auditors, scrutinises selected audit files for listed companies and other ... More >>

FMA Releases Standard Conditions For Licensing Of Financial Advice

Friday, 6 November 2020, 9:41 am | Financial Markets Authority

The Financial Markets Authority (FMA) has released the final standard conditions for a full Financial Advice Provider licence and confirmed three classes of financial advice service, following an extensive consultation with the industry. Seven standard ... More >>

 

 
 
 
 
 

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