Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Financial Markets Authority for InfoPages here.
Financial Markets Authority - Latest News [Page 11]
FMA Finds Continuing Improvements To Audit Quality
Wednesday, 16 November 2022, 12:04 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has found audit firms have improved their record keeping in relation to accounting estimates and how they are being sceptical of entities’ financial statements. The FMA’s Audit ... More >>
FMA Formally Warns Wholesale Property Investment Firms After Discovering Non-compliant Practices
Thursday, 20 October 2022, 9:50 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has found several conduct concerns in the wholesale property investment sector , and issued seven formal warnings. The FMA commenced a review of wholesale investments into property-related ... More >>
FMA Warns InvestNow For AML/CFT Deficiencies And Failures
Wednesday, 19 October 2022, 8:57 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued a formal warning to InvestNow Saving and Investment Service Limited for failing to comply with anti-money laundering requirements, including conducting customer due diligence, ... More >>
FMA Files Proceedings Against Vero For Allegedly Misleading Customers About Multi-policy Discounts
Monday, 17 October 2022, 9:16 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed High Court proceedings against Vero Insurance New Zealand Limited for failing to apply multi-policy discounts, which led to affected customers being overcharged approximately $8.7 million ... More >>
$150 Million Returned To Customers Following Conduct And Culture Reviews Of Banks And Insurers
Thursday, 6 October 2022, 9:13 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today said customer remediation by banks and life insurers following the Conduct and Culture reviews was progressing well, with the total dollar value returned to customers now reaching ... More >>
FMA’s KiwiSaver 2022 Annual Report Shows Scheme’s Resilience
Tuesday, 4 October 2022, 8:42 am | Financial Markets Authority
KiwiSaver funds under management have shown net growth of 10% to $89.7 billion for the year ended 31 March 2022, despite the retirement savings scheme navigating another turbulent period for global markets. After its 15th year, KiwiSaver’s size is now ... More >>
Eighty-six Per Cent Of Financial Advice Providers Now On Full Licensing Path
Monday, 3 October 2022, 1:45 pm | Financial Markets Authority
Eighty-six per cent of financial advice providers have now embarked on – or completed – the full licence application process, according to latest statistics from the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko. Data from 30 September ... More >>
AIA To Pay $700,000 Penalty For False And Misleading Representations To Customers
Friday, 30 September 2022, 11:26 am | Financial Markets Authority
The Auckland High Court has ordered life insurer AIA to pay a pecuniary penalty of $700,000 for making false and/or misleading representations to some customers, following proceedings brought by the Financial Markets Authority (FMA) - Te Mana ... More >>
FMA Inaugural Review Of ‘stepping-stone’ Market Catalist Released
Thursday, 29 September 2022, 12:13 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has found Catalist Markets Limited complied with its market operator obligations since launching in mid-2021. The FMA today published findings from its inaugural annual review of how ... More >>
MBIE Releases Consultations On Regulations And Fees For Conduct Of Financial Institutions Regime
Wednesday, 28 September 2022, 4:04 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko notes two consultations by the Ministry of Business, Innovation and Employment (MBIE) on incentives regulations and proposed licensing fees to support the Conduct of Financial Institutions (CoFI) ... More >>
FMA Confirms New Enterprise Leadership Team Structure
Thursday, 15 September 2022, 4:11 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today announced changes to its executive leadership team as part of its programme to evolve and transform the way it operates, prepare for its expanding mandate, and continue to foster a ... More >>
KiwiSaver Members Showing Mettle Against Market Volatility, Have More Interest In Annual Statements
Tuesday, 13 September 2022, 9:04 am | Financial Markets Authority
The proportion of KiwiSaver members engaging with their annual statements has lifted to a new high of 80% and most members say continuing contributions is a priority, despite ongoing market volatility. The Financial Markets Authority (FMA) - Te Mana ... More >>
FMA Makes Permanent Stop Order To Wisdom House Investment Partners Limited And Yuen Pok Loo
Wednesday, 31 August 2022, 2:47 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has made a permanent stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok (Paul) Loo after they engaged in misleading and dishonest conduct. After making an ... More >>
FMA Directs Kalkine To Stop Making Outgoing Sales Calls To New Zealanders After Misleading Marketing Conduct
Tuesday, 30 August 2022, 9:16 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has directed Kalkine New Zealand Limited to stop making outgoing sales calls to people in New Zealand following concerns about the entity’s misleading marketing conduct. Kalkine describes ... More >>
FMA Sets Its Sights On A Fairer Financial System Through Its 2022/23 Work Programme
Thursday, 25 August 2022, 2:57 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today released its Annual Corporate Plan 2022/23 (ACP), signalling a period of change for both the financial services industry and the regulator itself. The ACP sets out the FMA’s key priorities ... More >>
FMA Makes Interim Stop Order And Warns Public About Wisdom House Investment Partners Limited And Yuen Pok Loo
Tuesday, 16 August 2022, 10:05 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has made an interim stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok (Paul) Loo , to prohibit them from: distributing any restricted communication that ... More >>
Cigna Admits Making False And Misleading Representations
Wednesday, 10 August 2022, 10:43 am | Financial Markets Authority
Cigna Life Insurance New Zealand Limited has admitted to 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 Wellington High Court ... More >>
FMA Survey Sheds Light On New Zealanders’ Experiences With Financial Sector And Concepts Of Fair Treatment
Thursday, 4 August 2022, 9:00 am | Financial Markets Authority
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position. A new research project by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has revealed insights ... More >>
FMA Issues Infringement Notice To Alliant Perpetual For Late Financial Statements
Tuesday, 2 August 2022, 9:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued an infringement notice to registered building society Alliant Perpetual (Alliant) for failing to file financial statements by their due date. Alliant is a building society which ... More >>
FMA Review Of Ethical Investing Claims In Managed Funds
Thursday, 28 July 2022, 9:00 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has completed a review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance. The review was conducted ... More >>
