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Financial Markets Authority - Latest News [Page 12]
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 >>
FMA Files Court Proceedings Alleging Insider Trading Relating To The Sale Of Pushpay Shares
Wednesday, 9 February 2022, 12:17 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed proceedings against two individuals for alleged insider trading in relation to the sale of shares in Pushpay Holdings Limited (NZX:PPH). The individuals have been granted interim ... More >>
FMA Publishes 2021 Annual Report
Thursday, 27 January 2022, 9:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has today published its annual report for the year to June 2021 . Throughout the year, the FMA continued to prepare for three new regulatory regimes, including the licensing and supervising ... More >>
First ‘investment Passport’ Under The ARFP Granted To NZ Fund Manager
Wednesday, 26 January 2022, 10:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) has approved Smartshares Limited as a passport fund under the Asia Region Funds Passport (ARFP). ARFP is a multilateral agreement between New Zealand, Australia, Japan, Thailand, and The Republic of Korea that allows ... More >>
Medical Kiwi Admits To Making False And Misleading Statements
Wednesday, 22 December 2021, 9:42 am | Financial Markets Authority
Medicinal cannabis company Medical Kiwi Limited has admitted to breaching the fair dealing provisions of the Financial Markets Conduct Act (FMCA). In August 2020, Medical Kiwi launched an offer for shares on equity crowdfunding platform PledgeMe Ltd. The ... More >>
FMA Warns Squirrel P2P Trustee Limited For Historic Custodian Breaches
Friday, 17 December 2021, 9:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has formally warned Squirrel P2P Trustee Limited for failing to carry out certain obligations as a custodian. The entity provides a custodial service for the peer-to-peer lending service of Squirrel ... More >>
