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Financial Markets Authority - Latest News [Page 28]
FMA publishes its first medium-term strategic risk outlook
Thursday, 11 December 2014, 12:31 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today published its seven-point strategic risk outlook, identifying the areas where it will apply the majority of its regulatory effort in the medium-term. The priorities will direct the FMA’s work in licensing, ... More >>
FMA releases Audit Quality Review Report
Thursday, 4 December 2014, 2:28 pm | Financial Markets Authority
The Financial Markets Authority (FMA) says its latest Audit Quality Review Report confirms the majority of the profession is meeting minimum compliance standards. However, the findings in 2014 are similar to last year’s report, with significant ... More >>
FMA reaches settlement over rural interest rate swap
Wednesday, 3 December 2014, 10:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) said today it has reached a settlement with ANZ Bank New Zealand Limited (ANZ) regarding the sale, promotion and marketing of rural interest rate swaps to rural customers. More >>
Phase two of financial markets law completes overhaul
Friday, 28 November 2014, 12:05 pm | Financial Markets Authority
Phase two of financial markets law completes long-term overhaul The second phase of New Zealand’s new capital markets and financial services law takes effect from Monday (1 December). Phase two includes licensing provisions that extend to several ... More >>
The FMA reports on its 12 month performance
Thursday, 20 November 2014, 12:11 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has published its 2014 annual report for the year ended 30 June 2014. During this period the FMA began implementing the largest statutory change in financial services in 30 years. Engaging with the industry to ... More >>
Three new members for Financial Advisers Code Committee
Friday, 14 November 2014, 11:45 am | Financial Markets Authority
The Financial Markets Authority (FMA) today confirmed the appointment of three new members to the Code Committee for Authorised Financial Advisers (AFAs). Professional financial advisers Martin Hawes and Stephen O’Connor join legal and financial services ... More >>
FMA releases updated corporate governance handbook
Monday, 10 November 2014, 4:30 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today published a revised version of its handbook on corporate governance for consultation. More >>
New regulations approved to deliver a new era in finance
Tuesday, 4 November 2014, 3:17 pm | Financial Markets Authority
The Financial Markets Authority (FMA) welcomes today’s announcement from Commerce and Consumer Affairs Minister Paul Goldsmith, confirming the approval of the phase two regulations of the Financial Markets Conduct Act. The regulations come into effect ... More >>
FMA focus on improving conduct & trust in financial markets
Thursday, 30 October 2014, 11:42 am | Financial Markets Authority
The Financial Markets Authority (FMA) Chief Executive Rob Everett has set out the evolving approach for the FMA as the regulator’s mandate expands under the Financial Markets Conduct Act, taking effect from 1 December. More >>
FMA warns consumers about cold-calling investment offers
Thursday, 23 October 2014, 10:37 am | Financial Markets Authority
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. More >>
New Zealanders underestimate investment risk
Tuesday, 14 October 2014, 11:39 am | Financial Markets Authority
Research conducted for the Financial Markets Authority (FMA) shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident. More >>
New Zealanders underestimate investment risk
Tuesday, 14 October 2014, 10:08 am | Financial Markets Authority
Research conducted for the Financial Markets Authority (FMA) shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident. More >>
FMA files civil proceedings against Archer Capital
Friday, 3 October 2014, 1:33 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has filed and served civil proceedings against Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The proceedings are for alleged breaches of the substantial shareholder disclosure obligations ... More >>
FMA issues warning about General Equity
Tuesday, 30 September 2014, 12:46 pm | Financial Markets Authority
The Financial Markets Authority ( FMA ) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercises extreme caution when dealing ... More >>
FMA releases 2014 Investigations and Enforcement Report
Thursday, 25 September 2014, 11:22 am | Financial Markets Authority
The Financial Markets Authority (FMA) today released its Investigations and Enforcement Report for the year ending 30 June 2014. The report highlights the key themes and issues that emerged from the FMA’s enforcement activities during the reporting ... More >>
Directors fined for not filing financial statements
Thursday, 11 September 2014, 4:09 pm | Financial Markets Authority
Directors Hayden George Jones and Thomas Alexander George Jones have been fined $35,000 each for breaches of the Financial Reporting Act 1993 (the FRA). The Financial Markets Authority (FMA) brought charges on four counts against both directors for ... More >>
FMA talking investment risk for Money Week
Monday, 8 September 2014, 4:06 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today announced its plans for this year's Money Week from October 13-19 2014. The FMA will be hosting a panel discussion to promote greater understanding of investment risk. More >>
FMA files civil proceedings against trustee
Wednesday, 20 August 2014, 10:18 am | Financial Markets Authority
The Financial Markets Authority ( FMA ) has filed civil proceedings against Prince and Partners Trustee Company Limited ( Prince ), using the powers of section 34 of the Financial Markets Authority Act . Prince was the trustee for finance company ... More >>
Strategic Finance settlement proceeds to first distribution
Tuesday, 12 August 2014, 11:58 am | Financial Markets Authority
In June this year PwC Partners John Fisk and Colin McCloy, as Receivers of Strategic, together with the Financial Markets Authority, announced they had finalised a $22 million settlement agreement with the former directors and auditors of Strategic. More >>
Brian Henry admits market manipulation
Thursday, 7 August 2014, 5:18 pm | Financial Markets Authority
Brian Peter Henry has admitted all of the Financial Markets Authority’s (FMA) allegations that he breached the market manipulation prohibitions in the Securities Markets Act 1988 . FMA’s claims followed a referral from NZX and arose out of Mr Henry’s ... More >>
