Financial Markets Authority - Latest News [Page 1]

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 >>

World Investor Week Focus On Beginners After Steep Rise In Direct Investment

Monday, 5 October 2020, 12:27 pm | Financial Markets Authority

The Financial Markets Authority (FMA) is using World Investor Week this year to remind thousands of new Kiwi investors to do their homework and understand the risks of investing in financial markets. Globally, there has been huge growth in the number ... More >>

Contributions Help KiwiSaver Continue To Grow Through COVID-19

Thursday, 1 October 2020, 6:02 pm | Financial Markets Authority

KiwiSaver has continued to grow despite market volatility and economic uncertainty caused by COVID-19 , according to the Financial Markets Authority’s (FMA) KiwiSaver Annual Report for the year ended March 2020. Total funds under management increased ... More >>

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 >>

 

 
 
 
 
 

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