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Financial Markets Authority - Latest News [Page 16]
FMA Warns Financial Adviser For Advice To Clients About COVID-19
Thursday, 28 May 2020, 10:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) has issued a formal warning to a financial adviser who made recommendations to clients that they urgently move their investments to ‘low risk’ funds in the wake of COVID-19. The adviser failed to clarify that ... More >>
Campaign To Raise Scam Awareness Among Pacific Communities As Reports Rise
Wednesday, 13 May 2020, 9:19 am | Financial Markets Authority
The Financial Markets Authority (FMA) and Commerce Commission have launched a campaign to raise awareness of investment scams and pyramid schemes among Pacific communities in New Zealand. It follows concerns about scams targeting Pacific communities and ... More >>
FMA And External Reporting Board Release Review Of Key Audit Matters Reporting
Wednesday, 6 May 2020, 10:41 am | Financial Markets Authority
The Financial Markets Authority (FMA) and External Reporting Board (XRB) have released their second joint review of key audit matters , after audit reporting standards were lifted three years ago. Key audit matters (KAMs) are issues that, in the auditor’s ... More >>
FMA Stops Misleading Ads For COVID-19 Health Insurance
Tuesday, 7 April 2020, 12:35 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is warning people about misleading claims that they need health insurance to cover emergency medical bills for COVID-19. Last week the FMA successfully requested the removal of two advertorials a financial adviser ... More >>
FMA Issues Warning To Tiger Brokers And Six Firms For Anti-money Laundering Breaches
Monday, 6 April 2020, 10:16 am | Financial Markets Authority
The Financial Markets Authority (FMA) has issued a formal warning to NZX-accredited broker Tiger Brokers (NZ) Limited for failing to have several adequate anti-money laundering protections in place. The regulator has also privately warned six other ... More >>
KiwiSaver Members Urged To Use Hardship Withdrawals As A Last Resort
Tuesday, 31 March 2020, 9:04 am | Financial Markets Authority
KiwiSaver members under financial stress due to the effects of COVID-19 are urged to consider all forms of Government and bank support before resorting to withdrawing money from their retirement savings through hardship applications. Retirement Commissioner ... More >>
FMA To Extend Deadline For Financial Reporting
Thursday, 19 March 2020, 3:26 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is providing regulatory relief to market participants to give them an additional two months to provide their audited financial statements. Due to the disruption caused by COVID-19, the FMA is taking appropriate steps to ... More >>
Support For Investors And Industry; Regulatory Burden Reduced
Thursday, 19 March 2020, 3:17 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is closely monitoring the impact of the coronavirus situation on New Zealand’s financial markets and considering all available options to ensure markets continue to function well and to support participants, customers ... More >>
FMA Debate Discusses Whether Passive Or Active Management Is Best
Thursday, 20 February 2020, 12:02 pm | Financial Markets Authority
Leaders from New Zealand’s investment industry gathered in Auckland last night to debate whether investors benefit more from passive or active fund management, a topic that is dividing the sector. The event, hosted by the Financial Markets Authority ... More >>
FMA files civil proceedings against CBL Corporation
Tuesday, 17 December 2019, 11:35 am | Financial Markets Authority
The FMA has issued two sets of civil proceedings in the Auckland High Court against CBL Corporation Limited (In liquidation) (CBLC), the six directors and the chief financial officer alleging multiple breaches of the Financial Markets Conduct Act ... More >>
FMA releases findings of MIS custody review
Friday, 13 December 2019, 11:28 am | Financial Markets Authority
The Financial Markets Authority has published a summary report on a review of custody arrangements in managed investment schemes (MIS) in response to questions raised by the International Monetary Fund (IMF) More >>
FMA clarifies green bond disclosure requirements
Friday, 13 December 2019, 9:06 am | Financial Markets Authority
The Financial Markets Authority (FMA) has published an information sheet outlining when issuers of securities described as “green bonds” can apply the “same class exclusion” to disclosure requirements. More >>
Peer-to-peer lending and crowdfunding 2019 data published
Thursday, 5 December 2019, 2:06 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today published its third statistical report on peer-to-peer lending (P2P) and crowdfunding services in New Zealand. More >>
Audit quality improves but inconsistencies persist
Monday, 18 November 2019, 9:24 am | Financial Markets Authority
Audit quality has broadly improved again but auditors continue to apply standards inconsistently, the FMA’s annual Audit Quality Report 2019 has found. More >>
FMA apologises for privacy breach
Thursday, 7 November 2019, 4:54 pm | Financial Markets Authority
The FMA today apologised for a privacy breach that meant complaints documents sent to the regulator between 2015 and 2017 were potentially accessible via internet searches. More >>
FMA successfully defends FSPR appeal
Monday, 4 November 2019, 11:18 am | Financial Markets Authority
The Financial Markets Authority (FMA) has welcomed a High Court ruling upholding a direction by the FMA to de-register foreign exchange firm FXBTG Financial Limited. More >>
PTT’s Steven Robertson jailed for six years, eight months
Wednesday, 30 October 2019, 1:05 pm | Financial Markets Authority
Steven Robertson has today been sentenced to six years, eight months’ imprisonment at the Auckland High Court as a result of an investigation by the Financial Markets Authority (FMA). More >>
FMA publishes 2019 annual report
Wednesday, 30 October 2019, 9:10 am | Financial Markets Authority
The Financial Markets Authority (FMA) today released its Annual Report for the year to June 2019. This was a watershed year for the regulator when the Financial Markets Conduct Act was fully implemented and normalised across the financial sectors the ... More >>
FMA issues AML/CFT warning to Circle Markets Limited
Friday, 18 October 2019, 9:55 am | Financial Markets Authority
The Financial Markets Authority (FMA) has issued a formal warning to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). Following a ... More >>
FMA seeking feedback on responsible investment products
Thursday, 26 September 2019, 10:23 am | Financial Markets Authority
The Financial Markets Authority is seeking views on how green bonds and other responsible investment products should be described, labelled and promoted to investors. More >>
