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Financial Markets Authority - Latest News [Page 10]
FMA Appoints Three New Directors Within Regulatory Leadership Team
Friday, 17 March 2023, 1:21 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - today confirmed it has substantially completed senior appointments as part of its organisation redesign. Three directors have been appointed to new roles in the strategic leadership cohort: ... More >>
Financial Advice Regulatory Regime - Now In Full Effect
Friday, 17 March 2023, 12:23 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is marking the final major milestone in the new financial advice regime: the end of the transitional licensing phase. With full licensing now in effect, this will continue to give Kiwis ... More >>
FMA Appoints Daniel Trinder To New Executive Leadership Team
Monday, 13 March 2023, 12:40 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - today confirmed the appointment of Daniel Trinder, to join its enterprise leadership team as Executive Director – Strategy and Design. Mr Trinder brings over twenty-five years’ experience ... More >>
FMA Warns Du Val Capital Partners Limited Over Misleading Or Deceptive Statements To Investors In Du Val Mortgage Fund
Friday, 10 March 2023, 1:27 pm | Financial Markets Authority
The FMA has warned Du Val Capital Partners Limited (DVCP), the general partner of the Du Val Mortgage Fund Limited Partnership (Du Val Mortgage Fund, MFLP, the Fund) and Du Val Group. The FMA is satisfied that DVCP and Du Val Group may have breached ... More >>
The FMA Opens Consultation On Draft Guidance For The Intermediated Distribution Of Financial Products
Monday, 20 February 2023, 12:13 pm | Financial Markets Authority
To prepare for the Conduct of Financial Institutions (CoFI) regime, the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) – is seeking feedback on proposed guidance that covers arrangements where financial institutions distribute products ... More >>
FMA Finalises Regulatory Return Questionnaire For Licensed Financial Advice Providers
Wednesday, 15 February 2023, 11:15 am | Financial Markets Authority
Following consultation on the proposed standard licence conditions for all classes of Financial Advice Providers (FAPs), the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today confirmed the information FAPs must provide in their ... More >>
FMA Repeats Warning About Validus
Friday, 10 February 2023, 2:47 pm | Financial Markets Authority
The FMA is repeating a warning issued in September 2022 regarding Validus. The FMA is aware this entity is holding an event in Mangere, South Auckland tomorrow morning, Feb 11, and we urge the public to be very cautious in any dealings or interactions ... More >>
Suspected Ponzi And Pyramid Scheme Warning – Wewe.global And Lyopay.com
Thursday, 9 February 2023, 10:13 am | Financial Markets Authority
Yesterday the FMA published a warning about a suspected Ponzi or pyramid scheme that is seeking interest from NZ investors through webinars and events. We are advising people to exercise serious caution when considering any dealings with any of the ... More >>
Forestlands’ Director, Rowan Kearns, Pleads Guilty To Making False Statements And Charges Related To Financial Reporting
Thursday, 9 February 2023, 9:37 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today confirmed that Rowan Kearns, the founder and sole director of the Forestlands group of companies, last week pled guilty to the following charges in criminal proceedings for disclosure ... More >>
FMA Publishes 2022 Annual Report
Tuesday, 24 January 2023, 1:35 pm | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has today published its annual report for the year to 30 June 2022 . The report details a year that encompassed four main areas of focus for the regulator: monitoring and oversight of financial ... More >>
FMA Publishes Fund Manager Risk Assessment Report
Thursday, 19 January 2023, 12:06 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today published its Managed Investment Schemes (MIS) Sector Risk Assessment , which analyses key risks in the funds management industry at a sector level. The report notes effective ... More >>
FMA Appoints Stuart Johnson To New Chief Economist Role
Wednesday, 18 January 2023, 12:47 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has appointed Stuart Johnson to the newly created role of Chief Economist. Mr Johnson brings nearly 20 years’ experience to the FMA, as an economist and behavioural science expert within ... More >>
Cigna To Pay $3.5 Million Penalty For Making False And Misleading Representations About Insurance Premiums And Cover
Tuesday, 17 January 2023, 12:38 pm | Financial Markets Authority
The Wellington High Court has ordered Cigna Life Insurance New Zealand Limited to pay a final pecuniary penalty of $3,575,000 for making false and/or misleading representations relating to inflation benefits in certain life insurance policies provided by the ... More >>
FMA Suspends Crowdfunding Licence Of The Property Crowd
Thursday, 22 December 2022, 12:19 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has suspended the crowdfunding provider licence of The Property Crowd after the entity materially contravened its licensee obligations. The Property Crowd (TPC) has had financial reporting failures, ... More >>
FMA Files Court Proceedings Against Tiger Brokers, Alleging AML/CFT Act Breaches
Wednesday, 21 December 2022, 2:09 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed civil High Court proceedings against Tiger Brokers (NZ) Limited for allegedly breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 ... More >>
NZICA Publishes Disciplinary Outcomes Relating To Wynyard Audit By PwC
Wednesday, 21 December 2022, 1:51 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko notes the New Zealand Institute of Chartered Accountants (NZICA) has released its disciplinary decisions arising from the 2015 PwC audit of the formerly NZX-listed Wynyard Group. The FMA ... More >>
ASX 24 Derivatives Market And SGX-DT Reviews Released
Thursday, 15 December 2022, 12:13 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published the findings of its market operator obligations reviews for the Australian Securities Exchange Limited (ASX 24 derivatives market) and Singapore Exchange Derivatives Trading ... More >>
FMA Warns Pencarrow Private Equity Management For AML/CFT Record-keeping Failures
Thursday, 15 December 2022, 10:13 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has formally warned Pencarrow Private Equity Management Limited for breaching record-keeping requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. ... More >>
FMA Files Market Manipulation Case Against Kok Ding Cheng For Trading Of Rua Shares
Wednesday, 14 December 2022, 10:18 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed High Court civil proceedings against Kok Ding Cheng, an experienced retail investor based in Auckland, for alleged market manipulation of NZX-listed shares of Rua Bioscience ... More >>
FMA Progressing CoFI Implementation With Publication Of Licensing Materials
Wednesday, 30 November 2022, 11:05 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is continuing to progress preparations for the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI), with the release of a suite of materials for banks, insurers and ... More >>
