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Financial Markets Authority - Latest News [Page 14]
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 >>
Thousands Of Young New Zealanders Missing Out On Investment Returns
Tuesday, 25 May 2021, 10:29 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging young New Zealanders to check they’re in the right KiwiSaver fund. The call follows data indicating over 12,000 KiwiSaver members aged 26-35 years old are sitting in lower ... More >>
New Default KiwiSaver Settings Designed To Benefit Members
Friday, 14 May 2021, 10:51 am | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members. Finance ... More >>
Supreme Court Rejects Sentence Appeal By PTT’s Steven Robertson
Tuesday, 11 May 2021, 11:30 am | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has welcomed the Supreme Court’s decision to dismiss a sentence appeal by Steven Robertson of PTT Limited, bringing the matter to a close. Mr Robertson defrauded 22 victims of approximately ... More >>
CLSAP (formerly KVB Kunlun) Admits To Anti-money Laundering Breaches
Thursday, 6 May 2021, 9:25 am | Financial Markets Authority
CLSA Premium New Zealand Limited (CLSAP NZ) has admitted to breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA). The ... More >>
Advertising Phenomenal Investment Returns For The Last Year Could Mislead Investors, FMA Says
Wednesday, 21 April 2021, 9:15 am | Financial Markets Authority
The Financial Markets Authority (FMA) is warning the funds management industry to avoid advertising large investment returns for the 12-month period to March 31, 2021, as this could mislead investors. The period includes none of the severe February ... More >>
