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Financial Markets Authority - Latest News [Page 28]
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 >>
FMA welcomes opportunity to review financial advice laws
Tuesday, 3 March 2015, 12:08 pm | Financial Markets Authority
The Financial Markets Authority (FMA) welcomes today’s announcement by the Minister of Commerce and Consumer Affairs, Paul Goldsmith, about the review of legislation governing financial advisers. More >>
FMA settlement reached over rural interest rate swaps
Tuesday, 17 February 2015, 9:33 am | Financial Markets Authority
The Financial Markets Authority (FMA) has reached a settlement with Westpac regarding the sale, promotion and marketing of interest rate swaps to some rural customers. More >>
Action against non-filing of financial statements pays off
Friday, 13 February 2015, 11:27 am | Financial Markets Authority
A new report released today by the Financial Markets Authority (FMA) shows the proportion of companies filing their financial statements on time has improved significantly since the FMA’s initial review in 2014. More >>
FMA and NZX sign Memorandum of Understanding
Wednesday, 28 January 2015, 2:37 pm | Financial Markets Authority
The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU). The MoU sets out the framework for engagement and co-operation between the FMA and NZX, taking into account their complementary regulatory responsibilities ... More >>
FMA warns individual trader over online market manipulation
Friday, 23 January 2015, 11:35 am | Financial Markets Authority
The Financial Markets Authority (FMA) has issued a warning to an individual online trader in relation to suspected market manipulation trading conduct. More >>
FMA welcomed onto global forum for independent oversight
Monday, 22 December 2014, 11:09 am | Financial Markets Authority
The Financial Markets Authority (FMA) has been accepted on to the International Forum of Independent Audit Regulators (IFIAR), in recognition of the robust oversight system the FMA has established in New Zealand. IFIAR was established in 2006 by independent ... More >>
Misleading advertising promoting UK pension scheme transfers
Thursday, 18 December 2014, 11:54 am | Financial Markets Authority
The Financial Markets Authority (FMA) is warning people to be cautious of potentially misleading and deceptive advertising about transferring United Kingdom pension scheme entitlements to New Zealand. More >>
FMA closes South Canterbury Finance Limited inquiries
Wednesday, 17 December 2014, 11:39 am | Financial Markets Authority
The Financial Markets Authority (FMA) has closed its inquiries into potential civil claims relating to South Canterbury Finance Limited (SCF). After careful consideration the FMA has decided not to take any further action. More >>
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 >>
