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Financial Markets Authority - Latest News [Page 13]
DIY Investors Encouraged To ‘take A Mo’ Before Giving In To FOMO
Monday, 4 October 2021, 8:58 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is urging DIY online investors to pause before succumbing to investment FOMO as part of World Investor Week (4-10 October). Recent research by the FMA into online investing platforms found ... More >>
FMA Steps Up Enforcement Of Anti-money Laundering Breaches
Thursday, 30 September 2021, 8:57 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has escalated its enforcement approach to non-compliance with New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) rules, according to a new report. ... More >>
FMA Appoints Karen Chang As Acting General Counsel
Wednesday, 29 September 2021, 12:14 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has appointed its current Head of Enforcement, Karen Chang, as Acting General Counsel until the FMA’s new Chief Executive joins next year. <img src="https://img.scoop.co.nz/stories/images/2109/2e65e3069c072657da28.jpeg" ... More >>
Momentum Builds In KiwiSaver As Scheme Reaches $81 Billion
Tuesday, 28 September 2021, 11:01 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its KiwiSaver Annual Report based on providers’ statistics for the year ended March 2021, which shows total funds under management reached $81.6 billion, or double the ... More >>
Credit Card Repayment Insurance A Poor Value Product, Customers Urged To Check Policies
Thursday, 23 September 2021, 11:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging an estimated 200,000 New Zealanders who have credit card repayment insurance (CCRI) to check if they still need the product, after a review found it to be poor value . CCRI is a ... More >>
FMA sees spike in investment scam complaints since COVID
Wednesday, 15 September 2021, 9:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of COVID-19. The warning comes as the FMA responds to a ... More >>
FMA announces appointment of new Chief Executive
Monday, 13 September 2021, 11:33 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has announced the appointment of experienced international regulator Samantha Barrass as its new Chief Executive. More >>
FMA issues warning to Sharesies for AML/CFT breaches
Monday, 23 August 2021, 8:54 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has issued a formal warning to Sharesies Limited and Sharesies Nominee Limited for failing to have sufficient anti-money laundering procedures, policies, and controls in place. ... More >>
FMA Accuses CEO Of Market Manipulation For Anonymous Posts On Investor Forum
Thursday, 12 August 2021, 9:05 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has filed civil High Court proceedings against Matthew Geoffrey Hill, the Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited (NTL), for alleged information-based ... More >>
AIA Admits False And Misleading Representations To Customers In FMA Fair-dealing Proceedings
Thursday, 29 July 2021, 11:52 am | Financial Markets Authority
Life insurer AIA has admitted 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 Auckland High Court and alleges three ... More >>
FMA Releases Cyber Resilience Info Sheet For Financial Advice Providers
Thursday, 29 July 2021, 9:02 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has today published an information sheet containing principles and resources to help licensed financial advice providers develop their cyber resilience. Financial advice provider licensing ... More >>
FMA Censures FoxPlan For Providing And Offering Unpermitted Financial Advice Services
Wednesday, 28 July 2021, 10:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has formally censured Wellington-based financial services firm FoxPlan Ltd, after one of its nominated representatives provided services he was not permitted to give and other representatives ... More >>
FMA Warns Investors About Scammers Impersonating NZ Derivatives Issuer
Tuesday, 27 July 2021, 12:22 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning investors to be wary of scammers impersonating New Zealand-based derivatives issuer Rockfort Markets Limited. The FMA last week issued scam warnings about www.rockfortmarket.net ... More >>
FMA Publishes Annual Corporate Plan
Monday, 19 July 2021, 11:05 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has today published its Annual Corporate Plan, which sets out the FMA’s activities for 2020/21 that will promote the regulator’s strategic priorities, address regulatory risks and ... More >>
FMA Issues Infringement Notice To Equitise
Wednesday, 14 July 2021, 9:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has issued an infringement notice to equity crowdfunding service provider Equitise Pty Ltd for failing to file financial statements by their due date. Equitise has been licensed ... More >>
FMA Concludes Inquiries Into Fonterra’s 2019 Financial Statements And Complaints
Friday, 9 July 2021, 8:58 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has closed its inquiries that followed Fonterra’s 2019 financial statements market announcement. The FMA did not find evidence to support regulatory action, including litigation, ... More >>
FMA Cancels Fund Managers Otago Licence
Wednesday, 7 July 2021, 4:38 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has cancelled the managed investment scheme manager licence of Fund Managers Otago (FMO). This is the first time the FMA has proactively cancelled a MIS manager licence. James ... More >>
FMA Survey Shows Changing Investor Preferences And Continuing Confidence In The Markets
Wednesday, 7 July 2021, 11:55 am | Financial Markets Authority
Confidence in New Zealand’s financial markets has continued to rise in the last twelve months, following a significant rebound in financial market performance, while more people are shifting from term deposits to shares. For the first time, the FMA’s ... More >>
FMA Publishes NZX Obligations Annual Review
Wednesday, 30 June 2021, 9:23 am | Financial Markets Authority
NZX made notable improvements to its regulatory arrangements and monitoring in 2020, according to the annual obligations review of New Zealand’s licensed stock exchange by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko. However, as detailed ... More >>
FMA Releases Guide For ‘finfluencers’
Monday, 28 June 2021, 12:06 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has released a guide to talking about money online following concerns some social media influencers and bloggers may be straying into regulated financial advice. Rob Everett, FMA Chief ... More >>
