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Financial Markets Authority - Latest News [Page 5]
FMA Inaugural Review Of ‘stepping-stone’ Market Catalist Released
Thursday, 29 September 2022, 12:13 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has found Catalist Markets Limited complied with its market operator obligations since launching in mid-2021. The FMA today published findings from its inaugural annual review of how ... More >>
MBIE Releases Consultations On Regulations And Fees For Conduct Of Financial Institutions Regime
Wednesday, 28 September 2022, 4:04 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko notes two consultations by the Ministry of Business, Innovation and Employment (MBIE) on incentives regulations and proposed licensing fees to support the Conduct of Financial Institutions (CoFI) ... More >>
FMA Confirms New Enterprise Leadership Team Structure
Thursday, 15 September 2022, 4:11 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today announced changes to its executive leadership team as part of its programme to evolve and transform the way it operates, prepare for its expanding mandate, and continue to foster a ... More >>
KiwiSaver Members Showing Mettle Against Market Volatility, Have More Interest In Annual Statements
Tuesday, 13 September 2022, 9:04 am | Financial Markets Authority
The proportion of KiwiSaver members engaging with their annual statements has lifted to a new high of 80% and most members say continuing contributions is a priority, despite ongoing market volatility. The Financial Markets Authority (FMA) - Te Mana ... More >>
FMA Makes Permanent Stop Order To Wisdom House Investment Partners Limited And Yuen Pok Loo
Wednesday, 31 August 2022, 2:47 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has made a permanent stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok (Paul) Loo after they engaged in misleading and dishonest conduct. After making an ... More >>
FMA Directs Kalkine To Stop Making Outgoing Sales Calls To New Zealanders After Misleading Marketing Conduct
Tuesday, 30 August 2022, 9:16 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has directed Kalkine New Zealand Limited to stop making outgoing sales calls to people in New Zealand following concerns about the entity’s misleading marketing conduct. Kalkine describes ... More >>
FMA Sets Its Sights On A Fairer Financial System Through Its 2022/23 Work Programme
Thursday, 25 August 2022, 2:57 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today released its Annual Corporate Plan 2022/23 (ACP), signalling a period of change for both the financial services industry and the regulator itself. The ACP sets out the FMA’s key priorities ... More >>
FMA Makes Interim Stop Order And Warns Public About Wisdom House Investment Partners Limited And Yuen Pok Loo
Tuesday, 16 August 2022, 10:05 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has made an interim stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok (Paul) Loo , to prohibit them from: distributing any restricted communication that ... More >>
Cigna Admits Making False And Misleading Representations
Wednesday, 10 August 2022, 10:43 am | Financial Markets Authority
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko. The case was filed in the Wellington High Court ... More >>
FMA Survey Sheds Light On New Zealanders’ Experiences With Financial Sector And Concepts Of Fair Treatment
Thursday, 4 August 2022, 9:00 am | Financial Markets Authority
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position. A new research project by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has revealed insights ... More >>
FMA Issues Infringement Notice To Alliant Perpetual For Late Financial Statements
Tuesday, 2 August 2022, 9:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued an infringement notice to registered building society Alliant Perpetual (Alliant) for failing to file financial statements by their due date. Alliant is a building society which ... More >>
FMA Review Of Ethical Investing Claims In Managed Funds
Thursday, 28 July 2022, 9:00 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has completed a review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance. The review was conducted ... More >>
FMA Opens Consultation On Standard Conditions For Financial Institution Licences
Wednesday, 20 July 2022, 10:08 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released a consultation paper on proposed standard conditions for licences granted under the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI). The CoFI Act will introduce ... More >>
FMA Censures Derivatives Issuer Western Union Business Solutions (Australia) Pty Ltd For Licence Breaches
Tuesday, 19 July 2022, 10:00 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has censured Western Union Business Solutions (Australia) Pty Ltd for materially contravening key Standard Conditions of its derivatives issuer licence relating to net tangible assets (NTA). ... More >>
FMA Appoints Margot Gatland To Head Of Enforcement
Friday, 8 July 2022, 11:28 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has confirmed the appointment of Margot Gatland as its new Head of Enforcement. Ms Gatland was previously the Acting Head of Enforcement at the FMA. <img src="https://img.scoop.co.nz/stories/images/2207/c6f8a650ec649da7509e.jpeg" ... More >>
Culture Shift For Financial Services As Conduct Of Financial Institutions Bill Passes
Wednesday, 29 June 2022, 9:17 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko welcomes yesterday’s announcement from the Minister of Commerce and Consumer Affairs, confirming the Financial Markets (Conduct of Institutions) Amendment Bill, has been passed in Parliament. ... More >>
FMA Publishes NZX Obligations Annual Review
Tuesday, 28 June 2022, 10:31 am | Financial Markets Authority
NZX achieved compliance with its licensed market operator obligations over the last year and has successfully implemented its action plan, significantly improving the stock exchange’s technology capabilities. These are among the key findings of the ... More >>
Cyber Security Must Be A Priority For Financial Sector, FMA Says
Thursday, 23 June 2022, 11:34 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet to help financial services firms enhance the resilience of their technology and operational systems, and meet any relevant licence obligations. The ... More >>
New Zealand Investor Confidence Dips Back To Pre-COVID Levels
Thursday, 16 June 2022, 8:50 am | Financial Markets Authority
Confidence in New Zealand’s financial markets has slipped back in the past 12 months, after last year’s record score, but overall, two-thirds of investors remain confident. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko 2022 Investor ... More >>
OnePath And Cigna Admit To Fair Dealing Breaches For Credit Card Repayment Insurance
Tuesday, 14 June 2022, 12:52 pm | Financial Markets Authority
OnePath Life (NZ) Limited and Cigna Life Insurance New Zealand Limited will jointly pay $180,000 to the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko after admitting liability for breaching the fair dealing provisions of the Financial Markets ... More >>
