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Financial Markets Authority - Latest News [Page 21]
CBL Update
Thursday, 17 May 2018, 3:14 pm | Financial Markets Authority
The FMA intends to file a case stated procedure to seek the court’s determination on whether continuous disclosure obligations for listed issuers continue to apply when the issuer is in voluntary administration. More >>
Insurers spend $34 million on soft commissions
Wednesday, 16 May 2018, 3:05 pm | Financial Markets Authority
A Financial Markets Authority report published today details how nine life and health insurance companies spent $34 million on non-financial incentives like trips, business support and conferences for financial advisers over a two-year period. More >>
FMA releases fourth AFA information report
Tuesday, 15 May 2018, 4:00 pm | Financial Markets Authority
The Financial Markets Authority today published its fourth statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year. More >>
Second company and director charged over FSPR abuse
Tuesday, 15 May 2018, 11:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) has filed criminal charges against a second company and its New Zealand based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act) 2008. More >>
KiwiSaver trial focused on members in their 50s gets results
Monday, 14 May 2018, 2:06 pm | Financial Markets Authority
14 May 2018 KiwiSaver trial focused on members in their 50s gets results The interim results of a second FMA, MBIE and industry trial has shown targeted communications created using behavioural insights, are more likely to lead KiwiSaver members to ... More >>
Letter sent by the FMA/Reserve Bank of New Zealand
Friday, 4 May 2018, 2:47 pm | Financial Markets Authority
The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed banks and the NZBA. More >>
FMA applies to court to liquidate Forestlands companies
Monday, 23 April 2018, 9:42 am | Financial Markets Authority
The Financial Markets Authority (FMA) has applied to the High Court to place the Forestlands companies numbered 2-20 into liquidation. More >>
FMA review of fund managers’ quarterly fund updates
Wednesday, 18 April 2018, 10:23 am | Financial Markets Authority
The FMA today published the findings of a review of quarterly fund updates which looked at whether fund managers are meeting their legal requirements to produce updates that are both easy to find and easy to read for investors. More >>
Consultation opens on dual language disclosure documents
Tuesday, 17 April 2018, 3:17 pm | Financial Markets Authority
The FMA is seeking submissions on its proposal to enable companies offering investments to publish product disclosure statements (PDS) in both te reo Māori and English. More >>
Investors provide valuable insights for issuers
Tuesday, 10 April 2018, 1:41 pm | Financial Markets Authority
Investors provide valuable insights for issuers Investors have provided valuable insights about how they use the information that’s provided to them by companies offering investments. More >>
KiwiSaver fees to be shown in dollar figures for first time
Tuesday, 27 March 2018, 11:46 am | Financial Markets Authority
KiwiSaver customers are about to see the fees they pay their fund managers in dollar figures for the first time, and could be in for a shock. More >>
FMA publishes review of adviser conduct in life insurance
Thursday, 22 March 2018, 12:05 pm | Financial Markets Authority
The FMA has issued warnings to four registered financial advisers in relation to providing advice on replacement insurance policies, for breaches of the obligation in section 33 of the Financial Advisers Act 2008 to exercise care, diligence and ... More >>
Guilty pleas for FMA prosecutions
Friday, 16 March 2018, 12:34 pm | Financial Markets Authority
Guilty pleas for holding out as being in the business of providing financial services and obstructing FMA investigation More >>
Fair dealing in advertising
Thursday, 15 March 2018, 10:59 am | Financial Markets Authority
The Financial Markets Authority (FMA) today published guidance on fair dealing in advertising and communications for licensed crowdfunding services, peer-to-peer lenders and the companies that offer financial products on these platforms. More >>
Five businesses warned for anti-money laundering failures
Monday, 12 March 2018, 3:08 pm | Financial Markets Authority
Five businesses warned for Anti-Money Laundering/Countering Financing of Terrorism failures The Financial Markets Authority (FMA) has issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing ... More >>
Refreshed corporate governance handbook published
Wednesday, 28 February 2018, 11:22 am | Financial Markets Authority
The handbook is being refreshed to remove any unnecessary overlap with the NZX Code, particularly to ensure the NZX Code is the primary source for requirements for listed companies. We have also updated the guide in a number of places to bring it in line ... More >>
FMA to hold directors to account for FSPR abuse
Tuesday, 27 February 2018, 1:19 pm | Financial Markets Authority
FMA to hold directors to account for FSPR abuse, first charges filed The Financial Markets Authority (FMA) has filed criminal charges against a company and its New Zealand based director for breaching the Financial Service Providers (Registration ... More >>
FMA statement on the death of Rob Cameron
Monday, 26 February 2018, 4:01 pm | Financial Markets Authority
The FMA would like to express its condolences to the family and colleagues of Rob Cameron, who died late last week. More >>
FMA opens applications for personalised digital advice
Thursday, 22 February 2018, 2:01 pm | Financial Markets Authority
The FMA is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using ... More >>
FMA publishes 2017 Conduct Outcomes Report
Tuesday, 20 February 2018, 8:49 am | Financial Markets Authority
The Financial Markets Authority (FMA) today published its Conduct Outcomes Report for the calendar year 2017, setting out some of the key issues and actions taken by the conduct regulator’s enforcement and supervision teams. More >>
