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Financial Markets Authority - Latest News [Page 1]

FMA Warns Of TSB For Overcharging On Business Accounts

Monday, 21 September 2026, 2:12 pm | Financial Markets Authority

Between 30 November 2017 and 20 November 2023, TSB charged a $0.25 fee on some business cheque transactions that shouldn’t have attracted the fee. The error affected 7,309 customer accounts. More >>

Update To OCR Pass Through Data

Tuesday, 15 September 2026, 3:40 pm | Financial Markets Authority

The banks (ANZ, ASB, BNZ, Kiwibank, SBS, Westpac NZ, The Co-operative Bank and TSB Bank) were chosen as, together, they provide about 98 percent of housing loans to New Zealanders. More >>

High Court Places 23 Further Chance Voight Entities In Liquidation

Monday, 14 September 2026, 2:19 pm | Financial Markets Authority

On 10 September 2026, the Court granted the FMA’s application to liquidate 23 additional entities in the Chance Voight group. More >>

Report From The FMA Highlights The Importance Of Good Governance As KiwiSaver Passes $40,000 Average Balance

Thursday, 10 September 2026, 10:34 am | Financial Markets Authority

Head of Investment Management, Emelie Jensert, said the figures pointed to a scheme that continues to mature and play an important role in the financial wellbeing of New Zealanders. More >>

Statements From FMA’s Board Chair James Miller And Samantha Barrass

Thursday, 3 September 2026, 4:26 pm | Financial Markets Authority

The last few weeks have been very challenging for me, as I have found myself on the receiving end of allegations, and where I have had to take time out for them to be investigated. More >>

Review Highlights Importance Of Strong Oversight To Protect Client Assets

Tuesday, 1 September 2026, 10:34 am | Financial Markets Authority

The review found uncertainty among some providers about who is ultimately responsible for protecting client assets when custody arrangements are outsourced. More >>

Add-On Insurance Review Highlights Insurers' Responsibility To Deliver Fair Outcomes

Thursday, 20 August 2026, 10:05 am | Financial Markets Authority

Michael Hewes, Director Credit, Deposit-taking, Insurance and Advice, says insurers cannot outsource the responsibility for fair consumer outcomes. More >>

Court Bans Peter Huljich For Seven Years Over Pushpay Insider Conduct

Monday, 10 August 2026, 4:45 pm | Financial Markets Authority

Mr Huljich was convicted on a charge of insider conduct on 3 November 2023. More >>

Chance Voight Companies Placed In Liquidation

Friday, 24 July 2026, 4:20 pm | Financial Markets Authority

The FMA’s Head of Enforcement, Margot Gatland, says, “Our primary goal in bringing the liquidation proceeding was to ensure the preservation of investor funds to the extent possible. More >>

Credit Transfer Creates Single Conduct Regulator For Financial Markets

Wednesday, 1 July 2026, 2:09 pm | Financial Markets Authority

Clare Bolingford, Executive Director Licensing and Conduct Supervision, says that aligning credit regulation with broader financial services creates a framework that better supports responsible lending and consumer protection. More >>

FMA Sets Out Regulatory Priorities For 2026/27

Tuesday, 30 June 2026, 4:03 pm | Financial Markets Authority

By publishing this report annually, we provide transparency on the key risks and opportunities on our radar, and how we intend to address them, so industry understands our priorities and what they can expect from us. More >>

No Action On Climate Reporting Obligations For Health And Life Insurers

Thursday, 18 June 2026, 2:38 pm | Financial Markets Authority

“It also aligns with the intent of the proposed legislative change following the recently announced government decisions”, says FMA General Counsel, Liam Mason. More >>

NZX Meets Market Operator Obligations In Annual Review

Thursday, 18 June 2026, 10:09 am | Financial Markets Authority

Director of Markets, Investors and Reporting, John Horner, says the FMA is encouraged by NZX’s progress in addressing the recommendations from its previous reviews. More >>

BNZ Admits Misleading Conduct And Pays $2.6 Million

Wednesday, 17 June 2026, 1:14 pm | Financial Markets Authority

BNZ admitted that it made misleading representations in its terms and conditions and customer statements about how interest would be calculated, breaching sections of the Financial Markets Conduct Act relating to false or misleading conduct. More >>

Ensuring Fair Consumer Outcomes From Insurer Benefits And Campaigns

Thursday, 11 June 2026, 10:39 am | Financial Markets Authority

The FMA wrote to insurers last year after observing some insurers offering benefits and campaigns designed to drive business coming from third parties such as financial advisers. More >>

FMA Welcomes Third Reading Of Bill, Prepares For Transfer Of Regulatory Responsibility For Consumer Credit

Tuesday, 2 June 2026, 1:25 pm | Financial Markets Authority

“Introducing a licensing regime for lenders will give the FMA more ways to monitor and supervise lending activity, and will provide a wider set of regulatory tools to support effective oversight." More >>

Climate Disclosures Improving, But Sharper Focus Needed On Physical Risks And Impacts

Tuesday, 26 May 2026, 10:53 am | Financial Markets Authority

The report reviews 62 climate statements from the second year of disclosures under New Zealand’s climate-related disclosure regime. More >>

FMA Chief Executive To Conclude Term In January 2027

Thursday, 21 May 2026, 5:18 pm | Financial Markets Authority

Mr Bardy said the Board was grateful for Ms Barrass’ leadership over the past four and a half years, and for her continued commitment to the FMA through the remainder of her term. More >>

FMA Releases Updated Guidance That Provides More Clarity On Sustainability-Related Disclosures

Tuesday, 12 May 2026, 10:09 am | Financial Markets Authority

The guidance sets out how existing fairdealing and disclosure obligations apply when issuers promote sustainabilityrelated characteristics in their financial products. More >>

FMA Discontinues CBL IPO Proceeding Against The Hutchison Estate

Friday, 1 May 2026, 1:25 pm | Financial Markets Authority

Margot Gatland, the FMA’s Head of Enforcement, said following the FMA’s recent settlements of the IPO Proceeding against CBL Director Peter Harris and CBL, the FMA no longer considers it is in the public interest to pursue the Estate. More >>

 

 
 
 
 
 

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