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Financial Markets Authority - Latest News [Page 2]
FMA Issues A Warning To Insurance Company For Failure To Apply Advertised Discounts
Friday, 30 January 2026, 9:40 am | Financial Markets Authority
FMA Executive Director of Response and Enforcement Louise Unger says: “Manual processes used to identify customers with more than one policy failed and customers eligible for discounts were not identified”. More >>
FMA Board Appointments
Tuesday, 23 December 2025, 12:55 pm | Financial Markets Authority
Mr Bardy has extensive experience as a regulator and adviser in financial services, regulation, compliance and risk management. More >>
Update On Interim Liquidation Of Chance Voight
Monday, 22 December 2025, 4:23 pm | Financial Markets Authority
Pending the resolution of the FMA’s liquidation application, the Court has appointed interim liquidators to CVICL and several related companies at the FMA’s request. More >>
FMA Confirms Investigation Into Chance Voight
Monday, 15 December 2025, 3:20 pm | Financial Markets Authority
The FMA notes that in November 2025, a Chance Voight subsidiary took ownership of Patterson Wealth Partners Limited, a licensed financial advice provider (FSP 347406). More >>
FMA Censures Opes For Breaching Financial Advice Provider Licensee Obligations
Thursday, 11 December 2025, 9:52 am | Financial Markets Authority
The FMA found that Opes did not have adequate policies or processes in place and could not be confident that all conflicts had been identified, disclosed, and managed. More >>
Tower Ordered To Pay $7 Million Penalty For Misleading Representations
Tuesday, 9 December 2025, 2:13 pm | Financial Markets Authority
The breach arising from the false or misleading representations in its invoices affected approximately 61,000 customers (or approximately 90,200 policies); approximately 11% of Tower’s total customer base. More >>
FMA Releases Thematic Review On Financial Institutions’ Product And Services Reviews
Tuesday, 9 December 2025, 12:25 pm | Financial Markets Authority
Strengthening governance and board reporting to ensure accountability and oversight is key, as is improving consumer communication strategies to build trust and transparency. More >>
EU Allows Continued Use Of New Zealand Regulated Financial Benchmarks
Wednesday, 3 December 2025, 10:24 am | Financial Markets Authority
This is a significant outcome for New Zealand, and for all financial institutions and businesses that trade between New Zealand and the European Union that use the BKBM in their commercial transactions, says FMA General Counsel Liam Mason. More >>
FMA Cancels HGL’s Financial Advice Provider Licence
Tuesday, 2 December 2025, 12:31 pm | Financial Markets Authority
Louise Unger, FMA Executive Director, Response and Enforcement, said HGL’s cancellation followed the termination of its distribution agreement with the impacted insurer, and the FMA’s subsequent inquiry into its affairs. More >>
FMA Issues Revised Educational Information Sheet On Insider Trading
Wednesday, 19 November 2025, 11:44 am | Financial Markets Authority
“This revised November information sheet replaces the August report. It reflects feedback seeking more specific context for the August report and further clarity to help minimise its potential for unintended consequences." More >>
Former NZ Financial Adviser Pleads Guilty To Breaching Stop Order, Will Be Sentenced
Thursday, 13 November 2025, 4:02 pm | Financial Markets Authority
In December 2024, the FMA filed criminal charges against Mr McEwen for breaching the Stop Order by continuing to make offers of financial products and take contributions. More >>
FMA Files Market Manipulation Case For Trading Of STU Shares
Thursday, 6 November 2025, 10:27 am | Financial Markets Authority
Margot Gatland, FMA Head of Enforcement, said: “We take cases of market manipulation seriously to ensure New Zealand’s markets reflect genuine supply and demand, in order to preserve their integrity and reputation.” More >>
Entities Affected By Climate Reporting Changes Granted “No Action” Relief
Tuesday, 28 October 2025, 4:05 pm | Financial Markets Authority
This ‘no action’ approach will begin on 1 November 2025. This means that CREs with 30 June 2025 balance dates are still required to lodge their climate statements by 31 October 2025. More >>
FMA Issues Warning To Finbase Over Serious Disclosure And Fair Dealing Breaches
Wednesday, 15 October 2025, 10:01 am | Financial Markets Authority
The warning relates to Finbase’s offers and advertising of, and its use of sponsored AdWords in relation to, its Single Investment financial products. More >>
FMA Appoints Dr Philip Stevens As Chief Economist
Wednesday, 8 October 2025, 9:37 am | Financial Markets Authority
As Chief Economist, Philip will lead the FMA’s efforts to become increasingly research-driven and data- and intelligence-led, supporting its strategic priorities and regulatory focus. More >>
IAG To Make Pecuniary Penalty Payment Of $19.5 Million For Widespread Failures
Monday, 6 October 2025, 1:05 pm | Financial Markets Authority
The penalty reflects discounts for IAG’s self-reporting, its early offer of admissions, its exemplary cooperation with the FMA’s investigation, and the steps taken to remediate its customers. More >>
Companies Encouraged To Do More To Help Customers Complain
Tuesday, 30 September 2025, 12:25 pm | Financial Markets Authority
Companies are burying complaints processes deep on their websites, requiring details a customer may not have to hand and treating customers in a defensive and dismissive way, Clare Bolingford says. More >>
FMA Opens Consultation On Investment Ethical Disclosure Requirements
Wednesday, 24 September 2025, 10:04 am | Financial Markets Authority
This guidance updates and replaces guidance previously issued in the 2020 Disclosure Framework for Integrated Financial Products and guidance contained in the 2022 thematic review of managed fund documentation. More >>
Court Case Provides Clarity Around Wholesale Investor Rules
Friday, 19 September 2025, 1:45 pm | Financial Markets Authority
The FMA sought clarification from the High Court on the interpretation of the eligible investor exclusion under the Financial Markets Conduct Act in respect of the use, confirmation, and acceptance, of eligible investor certificates in the wholesale ... More >>
Clients And Subscribers Of Former NZ Financial Adviser Warned To Check Bank Statements
Monday, 15 September 2025, 1:42 pm | Financial Markets Authority
In March 2025, the FMA filed criminal charges against Mr McEwen for breaching the Stop Order by continuing to make offers and take contributions. More >>
