Financial Markets Authority

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Financial Markets Authority - Latest News [Page 27]

Settlement reached over ASB rural interest rate swaps

Monday, 22 June 2015, 11:19 am | Financial Markets Authority

Settlement reached over ASB rural interest rate swaps The Financial Markets Authority (FMA) has reached a settlement with ASB regarding the sale, promotion and marketing of interest rate swaps to some rural customers. The Commerce Commission (the Commission) ... More >>

Fresh set of measures to track FMA success over medium-term

Thursday, 18 June 2015, 2:30 pm | Financial Markets Authority

Tabled in Parliament today, the Financial Markets Authority’s Statement of Intent (SOI) for 2015-2019 marks a further step in the agency’s evolution as a modern, risk-based conduct regulator. More >>

Milford Asset Management to make $1.5 million payment

Thursday, 18 June 2015, 9:28 am | Financial Markets Authority

The Financial Markets Authority (FMA) has completed its investigation into certain trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited (Milford). The FMA considers that the trading conduct breached ... More >>

FMA welcomes first listing on new NXT market

Tuesday, 16 June 2015, 2:27 pm | Financial Markets Authority

The Financial Markets Authority (FMA) says the first listing this week on the NXT market sparks a new era of innovative capital raising in New Zealand. More >>

$10m settlement on Dominion Finance secured by FMA

Monday, 8 June 2015, 4:03 pm | Financial Markets Authority

The Financial Markets Authority (FMA), together with the liquidators and receivers of Dominion Finance, has reached a settlement agreement in relation to civil claims against the directors of Dominion Finance Group (DFG) and North South Finance (NSF). ... More >>

Receivers and managers appointed to Arena Capital

Thursday, 28 May 2015, 4:13 pm | Financial Markets Authority

The High Court in Christchurch has granted the Financial Markets Authority’s (FMA) application for Grant Graham and Neale Jackson of KordaMentha to be appointed as receivers and managers of Arena Capital Limited, trading as Blackfort FX (Arena/Blackfort). ... More >>

Annual review shows NZX meeting regulatory obligations

Tuesday, 26 May 2015, 9:53 am | Financial Markets Authority

The Financial Markets Authority (FMA) today confirmed that NZX has complied with its statutory obligations to ensure that its markets are fair, orderly, and transparent. More >>

FMA secures $500,000 compensation payment from Pacific Edge

Monday, 25 May 2015, 4:16 pm | Financial Markets Authority

FMA issues warning on continuous disclosure obligations and secures $500,000 compensation payment from Pacific Edge Limited More >>

FMA removes offshore firms from Register

Tuesday, 19 May 2015, 10:27 am | Financial Markets Authority

The Financial Markets Authority (FMA) today confirmed that a number of offshore firms have recently been removed from the Financial Services Provider Register (FSPR). While the Registrar of Companies maintains the FSPR, the FMA has powers to direct ... More >>

Small DIMS providers benefit from reduced reporting needs

Tuesday, 5 May 2015, 10:44 am | Financial Markets Authority

The Financial Markets Authority (FMA) has provided smaller businesses that offer a Discretionary Investment Management Service (DIMS) relief from some financial reporting requirements. The FMA has approved two categories of exemptions that will be available ... More >>

SPI directors fined for breaching financial reporting rules

Thursday, 30 April 2015, 12:35 pm | Financial Markets Authority

The two directors of SPI Property Fund Limited have today been fined $25,312 each for breaches of the Financial Reporting Act in the Auckland District Court. The Financial Markets Authority (FMA) brought three charges against each of the directors, Murray ... More >>

New guide to bank capital notes

Thursday, 23 April 2015, 2:40 pm | Financial Markets Authority

The Financial Markets Authority (FMA) encourages consumers who are considering investing in bank capital notes to read its new guide on this type of investment product. More >>

FMA completes Memorandum of Understanding

Thursday, 16 April 2015, 12:03 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has recently signed Memorandums of Understanding (MOUs) with the Insurance Savings Ombudsman (ISO) and the Banking Ombudsman Scheme (BOS). This follows the completion of MOUs with the Financial Dispute Resolution ... More >>

Better information for investors

Tuesday, 14 April 2015, 10:38 am | Financial Markets Authority

Information for investors will now be provided in a format that is easier-to-understand and more accessible than before. The way that financial products are made available to the public has been overhauled under the Financial Markets Conduct Act 2013 (FMC ... More >>

New-look FMA website

Monday, 23 March 2015, 10:17 am | Financial Markets Authority

The Financial Markets Authority (FMA) is launching a refreshed website this week, making it easier for regulated businesses to quickly find the information they need. Visitors to the website will notice a simplified design, plus much-improved navigation ... More >>

FMA warns firm under Anti-Money Laundering Act

Thursday, 12 March 2015, 10:11 am | Financial Markets Authority

The Financial Markets Authority (FMA) has issued a formal warning to MSL Capital Markets Limited (MSL) under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). More >>

FMA spells out practical approach to supervision

Monday, 9 March 2015, 8:57 am | Financial Markets Authority

The Financial Markets Authority (FMA) has spelt out its practical approach to its supervision responsibilities, as the financial services and markets regulator increases the emphasis on supervision under the newly-effective Financial Markets Conduct Act ... More >>

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