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Financial Markets Authority - Latest News [Page 12]
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 >>
FMA Opens Consultation On Standard Conditions For Financial Institution Licences
Wednesday, 20 July 2022, 10:08 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released a consultation paper on proposed standard conditions for licences granted under the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI). The CoFI Act will introduce ... More >>
FMA Censures Derivatives Issuer Western Union Business Solutions (Australia) Pty Ltd For Licence Breaches
Tuesday, 19 July 2022, 10:00 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has censured Western Union Business Solutions (Australia) Pty Ltd for materially contravening key Standard Conditions of its derivatives issuer licence relating to net tangible assets (NTA). ... More >>
FMA Appoints Margot Gatland To Head Of Enforcement
Friday, 8 July 2022, 11:28 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has confirmed the appointment of Margot Gatland as its new Head of Enforcement. Ms Gatland was previously the Acting Head of Enforcement at the FMA. <img src="https://img.scoop.co.nz/stories/images/2207/c6f8a650ec649da7509e.jpeg" ... More >>
Culture Shift For Financial Services As Conduct Of Financial Institutions Bill Passes
Wednesday, 29 June 2022, 9:17 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko welcomes yesterday’s announcement from the Minister of Commerce and Consumer Affairs, confirming the Financial Markets (Conduct of Institutions) Amendment Bill, has been passed in Parliament. ... More >>
FMA Publishes NZX Obligations Annual Review
Tuesday, 28 June 2022, 10:31 am | Financial Markets Authority
NZX achieved compliance with its licensed market operator obligations over the last year and has successfully implemented its action plan, significantly improving the stock exchange’s technology capabilities. These are among the key findings of the ... More >>
Cyber Security Must Be A Priority For Financial Sector, FMA Says
Thursday, 23 June 2022, 11:34 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet to help financial services firms enhance the resilience of their technology and operational systems, and meet any relevant licence obligations. The ... More >>
New Zealand Investor Confidence Dips Back To Pre-COVID Levels
Thursday, 16 June 2022, 8:50 am | Financial Markets Authority
Confidence in New Zealand’s financial markets has slipped back in the past 12 months, after last year’s record score, but overall, two-thirds of investors remain confident. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko 2022 Investor ... More >>
OnePath And Cigna Admit To Fair Dealing Breaches For Credit Card Repayment Insurance
Tuesday, 14 June 2022, 12:52 pm | Financial Markets Authority
OnePath Life (NZ) Limited and Cigna Life Insurance New Zealand Limited will jointly pay $180,000 to the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko after admitting liability for breaching the fair dealing provisions of the Financial Markets ... More >>
Fund Managers’ Inconsistent Performance Measurement And Cost Of Fees Reduces Benefits To Investors
Wednesday, 18 May 2022, 11:02 am | Financial Markets Authority
The managers of New Zealand managed investment schemes (MIS or KiwiSaver/fund managers) are showing repeatable performance, relative to appropriate market indices. However, the benefits of their skill to investors in some funds is reduced by fees, and the ... More >>
FMA Issues Stop Order Against The One Management GP Limited
Friday, 6 May 2022, 10:54 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today confirmed it has made a stop order against The One Management GP Limited regarding an offer in relation to The One Property LP¹ (the Fund), which is only available to wholesale ... More >>
FMA Issues New Infringement Notice Against Crowdfunding Platform Equitise
Thursday, 7 April 2022, 2:22 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued another infringement notice to Equitise Pty Ltd for failing to file financial statements on time, amid broader concerns about the firm’s ability to meet regulatory reporting ... More >>
FMA Issues Interim Stop Order To The One In Longhorn Partnership Fund
Monday, 28 March 2022, 3:02 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today issued an interim stop order to The One Management GP Limited and James Law Realty regarding an offer in relation to The One in Longhorn Partnership Fund (‘the Fund’), which ... More >>
Two Individuals To Pay Penalties For Market Manipulation And Disclosure Breaches Relating To Oceania Natural
Thursday, 24 March 2022, 2:35 pm | Financial Markets Authority
Zhongyang (Sean) Meng and Jiashun (Sam) Qian have been ordered to pay pecuniary penalties of $180,000 and $130,000 respectively for market manipulation and disclosure breaches involving Oceania Natural Limited (ONL) shares. In 2019 the Financial Markets ... More >>
FMA Directs Simplicity To Remove Misleading Advertising And Improve Compliance Processes
Wednesday, 9 March 2022, 11:12 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has directed Simplicity NZ Limited to remove advertising materials that breached fair dealing provisions¹, and ensure future advertising is compliant. The FMA direction relates to Simplicity’s ... More >>
FMA Censures CTRL Investments For Derivatives Issuer Licence Breaches
Tuesday, 1 March 2022, 10:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has censured CTRL Investments Limited for contravening the conditions of its derivatives issuer (DI) licence. Through its ongoing monitoring of the DI sector, the FMA was satisfied that ... More >>
