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Financial Markets Authority - Latest News [Page 18]
10 formal AML/CFT warnings issued by FMA
Monday, 13 May 2019, 2:10 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). More >>
Liam Mason speech on Life Insurance Culture & Conduct review
Friday, 10 May 2019, 3:05 pm | Financial Markets Authority
The FMA was established about 8 years ago, to be the first conduct regulator of New Zealand’s financial markets. Our principal legislation is the Financial Markets Conduct Act. It’s no surprise then that conduct is our main priority - it’s what ... More >>
Company convicted for abuse of the FSPR
Friday, 3 May 2019, 2:57 pm | Financial Markets Authority
Morgan DeVere Corporate Finance Limited (Morgan DeVere) has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial Services ... More >>
Director sentenced to community service for abuse of FSPR
Tuesday, 16 April 2019, 11:38 am | Financial Markets Authority
A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. (FSP Act). The FMA alleges that the ... More >>
FMA files civil proceedings over trading in Oceania Natural
Monday, 15 April 2019, 4:58 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has issued civil proceedings in the High Court against four individuals in relation to trading in Oceania Natural Limited. (ONL) The proceedings relate to alleged breaches of market manipulation prohibitions and ... More >>
Statement on Supreme Court judgment on ANZ v FMA
Friday, 12 April 2019, 12:22 pm | Financial Markets Authority
The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA, released this morning. More >>
Former CFO to pay $150,000, barred for SMA breaches
Tuesday, 9 April 2019, 3:03 pm | Financial Markets Authority
Mark Stephen Talbot, a former virtual chief financial officer of VMob (now Plexure) will pay $150,000 in lieu of a penalty and is barred from acting as a director or manager of a listed business for 5 years. Mr Talbot has admitted to insider trading ... More >>
AML/CFT monitoring report highlights concerns, sets focus
Monday, 1 April 2019, 10:13 am | Financial Markets Authority
The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities ... More >>
FADC Findings published
Friday, 29 March 2019, 2:26 pm | Financial Markets Authority
The Financial Advisers Disciplinary Committee (FADC) has published its findings in a case referred to the Committee by the FMA. A copy of the findings can be found here . The FMA encourages all Authorised Financial Advisers to read and consider ... More >>
Professional Conduct Committee Findings
Thursday, 28 March 2019, 10:38 am | Financial Markets Authority
Professional Conduct Committee of Chartered Accountants Australia New Zealand - findings More >>
Trio sentenced for theft, false statement by a promoter
Wednesday, 27 March 2019, 3:02 pm | Financial Markets Authority
Trio sentenced for theft, false statement by a promoter in Viaduct Capital & Mutual Finance case More >>
FMA publishes guide to shares for investors
Tuesday, 26 March 2019, 10:10 am | Financial Markets Authority
The FMA has published a guide for investors on the nuts and bolts of choosing, buying, owning and selling shares. More >>
Appeal court judgment in ANZ v FMA
Tuesday, 5 March 2019, 2:01 pm | Financial Markets Authority
The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA) More >>
ASX 24 derivatives market review
Friday, 1 March 2019, 11:51 am | Financial Markets Authority
The FMA has today published the findings of its obligations review of the ASX 24 derivatives market. More >>
The ingredients for successful KiwiSaver communications
Wednesday, 27 February 2019, 10:10 am | Financial Markets Authority
The results of a second FMA, MBIE and industry trial demonstrates using communications based on behavioural insights encourages KiwiSaver members to make an active choice about their investment. The report, “ Using behavioural insights to improve KiwiSaver ... More >>
South & Provan jailed for 4 years and 6 months
Monday, 25 February 2019, 1:12 pm | Financial Markets Authority
Two men have both been sentenced to four years and six months in prison at Tauranga District Court on charges brought by the Financial Markets Authority (FMA). More >>
Two men convicted on Crimes Act charges
Tuesday, 18 December 2018, 2:15 pm | Financial Markets Authority
Two men have been found guilty at Tauranga District Court on charges filed by the Financial Markets Authority (FMA). More >>
Explaining fees and products key for consumers
Monday, 17 December 2018, 10:11 am | Financial Markets Authority
Consumers want their financial providers to do more to explain fees and help them understand why their products are right for them. This is according to The Financial Markets Authority (FMA) survey into consumers’ experience of providers’ conduct, ... More >>
Accredited Body Reports Published
Wednesday, 5 December 2018, 12:30 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has today published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia. More >>
FMA reports on Wynyard investigation
Friday, 30 November 2018, 1:03 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing obligations. Following Wynyard’s failure in October 2016, the FMA ... More >>
