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Financial Markets Authority - Latest News [Page 22]
FMA Issues Formal AML/CFT Warning to Fullerton Markets
Friday, 24 November 2017, 10:13 am | Financial Markets Authority
The Financial Markets Authority (FMA) has issued a formal warning to Fullerton Markets Limited (Fullerton) under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). More >>
FMA releases KiwiSaver Tracker
Tuesday, 21 November 2017, 9:17 am | Financial Markets Authority
The FMA has today published KiwiSaver data in an interactive format to prompt discussion, engagement and debate on the relationship between investment risk, returns and fees. More >>
Outcome of FMA investigation into Goldman Sachs NZ Ltd
Wednesday, 15 November 2017, 2:04 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger ... More >>
FMA files Crimes Act charges against Steven Robertson
Thursday, 26 October 2017, 11:46 am | Financial Markets Authority
The Financial Markets Authority (FMA) has filed criminal charges against Steven Robertson in the Auckland District Court under the Crimes Act 1961. More >>
FMA commentary on ICOs and cryptocurrencies
Wednesday, 25 October 2017, 3:08 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has published commentary on initial coin offers (ICOs) and cryptocurrency services alongside online resources for investors. More >>
The FMA and ASIC confirm trans-Tasman collaborative approach
Thursday, 19 October 2017, 11:17 am | Financial Markets Authority
The Financial Markets Authority (FMA) and the Australian Securities and Investment Commission (ASIC) have reaffirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. More >>
FMA allows personalised robo-advice
Wednesday, 18 October 2017, 10:49 am | Financial Markets Authority
FMA allows personalised robo-advice; applications open early 2018 Consultation to follow on draft exemption notice More >>
FMA files insider trading charges
Wednesday, 11 October 2017, 1:58 pm | Financial Markets Authority
The FMA has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. More >>
FMA encourages financial institutions to trade bank bills
Wednesday, 11 October 2017, 1:40 pm | Financial Markets Authority
The Financial Markets Authority has issued guidance around trading in bank bills in an attempt to keep current market participants and encourage former traders back into the market. More >>
Bank Bill Benchmark Rate guidance and overview published
Wednesday, 11 October 2017, 9:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) is today publishing guidance on conduct and expected controls in relation to trading that sets the Bank Bill Benchmark Rate (BKBM) and closing rates. Alongside this, the FMA is also publishing an overview of BKBM ... More >>
KiwiSaver continues to grow
Thursday, 5 October 2017, 9:18 am | Financial Markets Authority
KiwiSaver members have built up total assets of more than $40 billion dollars, equivalent to 15% of New Zealand’s GDP, since the savings scheme was established ten years ago. 2.7 million New Zealanders are now in KiwiSaver. More >>
FMA welcomes World Investor Week
Monday, 2 October 2017, 12:15 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is urging investors to become familiar with some home truths about the risks of investing with off-shore, un-licensed providers as part of the first ever World Investor Week (2-8 October). More >>
FMA publishes annual report 2017
Wednesday, 27 September 2017, 3:07 pm | Financial Markets Authority
The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment. More >>
FMA Toughens Approach to Misuse of FSPR
Friday, 22 September 2017, 9:35 am | Financial Markets Authority
The Financial Markets Authority’s report on the Financial Service Providers Register (FSPR) sets out its work to prevent the misuse of the FSPR between 2014 and 2017. More >>
Prince & Partners admits failings as Viaduct Trustee
Monday, 28 August 2017, 11:44 am | Financial Markets Authority
Prince and Partners Trustee Company (Prince) has admitted a series of failings in its role as trustee of Viaduct Capital Limited (Viaduct), a finance company that went into receivership in 2010. The civil proceedings brought by the FMA against ... More >>
FADC decision on financial adviser
Wednesday, 23 August 2017, 3:03 pm | Financial Markets Authority
The Financial Advisers Disciplinary Committee has published its ruling following an FMA complaint against an authorised financial adviser. More >>
Not all bonds are equal – FMA survey
Thursday, 17 August 2017, 8:49 am | Financial Markets Authority
Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ... More >>
Judgment confirmed in the FMA v Warminger
Monday, 31 July 2017, 10:03 am | Financial Markets Authority
Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. More >>
Consumers Tell FMA about Financial Providers’ Conduct
Friday, 21 July 2017, 12:05 pm | Financial Markets Authority
Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. More >>
FMA confirms KiwiSaver fees methodology
Wednesday, 19 July 2017, 11:51 am | Financial Markets Authority
The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them ... More >>
