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Financial Markets Authority - Latest News [Page 7]
FMA Publishes First Monitoring Insights Report Into Financial Advice Providers
Thursday, 30 May 2024, 7:32 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today published its first monitoring report of the new financial advice regime. More >>
Matthew Hill To Pay $100,000 Penalty For Breaching Financial Markets Legislation
Tuesday, 28 May 2024, 4:34 pm | Financial Markets Authority
The High Court has imposed a pecuniary penalty of $100,000 against Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, for making false and misleading representations in breach of the Financial Markets ... More >>
FMA Files Civil Proceeding Against Individual For Making Alleged False Or Misleading Representations And Other Breaches
Monday, 20 May 2024, 2:23 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has filed civil proceedings against Rangi Wyatt Stephen Savage for making an unregulated public offer for the sale of shares in The Powder Shed Tokoroa Limited (Powder Shed). Mr Savage ... More >>
FMA Underlines Importance Of Effective Liquidity Risk Management For Fund Managers
Tuesday, 23 April 2024, 10:19 am | Financial Markets Authority
This guide updates and replaces the FMA’s 2020 Best practice guide for liquidity management and stress testing. More >>
FMA Introduces New Standard Condition On Business Continuity And Technology Systems
Monday, 8 April 2024, 1:54 pm | Financial Markets Authority
FMA introduces new standard condition on business continuity and technology systems plus new process for reporting operational incidents The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is introducing a new standard condition for ... More >>
FMA Opens Consultation On Potential Class Exemption For Certain GSSS Bonds
Wednesday, 3 April 2024, 7:43 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is considering a class exemption that would allow listed companies to bring certain green, social, sustainable, and sustainability-linked (GSSS) bonds to market more quickly and without ... More >>
FMA Warn Southern Cross Medical Care Society And Southern Cross Pet Insurance For Financial Markets Legislation Breaches
Tuesday, 26 March 2024, 10:22 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued warnings to Southern Cross Medical Care Society (SCMCS) and Southern Cross Pet Insurance (SPCI) for failing to apply advertised discounts to each entities’ respective insurance ... More >>
CBL Managing Director Admits Continuous Disclosure And Fair Dealing Contraventions And Agrees Enforceable Undertaking
Monday, 25 March 2024, 11:02 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has reached agreement with former CBL Corporation Limited (In Liquidation) (CBLC) managing director Peter Harris on claims relating to continuous disclosure breaches and misleading ... More >>
Natalie Carter Sentenced To 12 Months Home Detention For Forgery And Financial Markets Legislation Offences
Wednesday, 13 March 2024, 10:49 am | Financial Markets Authority
Natalie Ann Carter, a former Hawke’s Bay-based mortgage broker, has been sentenced to 12 months home detention following a criminal prosecution brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko. Ms Carter appeared in the Napier ... More >>
FMA Files Proceedings Against Tower Limited For Alleged Fair Dealing Breaches
Thursday, 7 March 2024, 2:07 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has filed civil proceedings against Tower Limited (Tower) for failing to apply multi policy discounts to eligible customers’ premiums, resulting in approximately $9.5 million* ... More >>
Yuen Pok (Paul) Loo Sentenced For Forgery And Financial Markets Legislation Offences
Thursday, 8 February 2024, 10:00 am | Financial Markets Authority
Yuen Pok (Paul) Loo, a former financial adviser, has been sentenced in the Manukau District Court to a combination of six months’ community detention with a 7pm to 7am curfew, 200 hours’ community work and 12 months’ intensive supervision following ... More >>
Matthew Hill Admits Breaching Financial Markets Legislation
Thursday, 25 January 2024, 2:40 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – confirmed today Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, has admitted making false and misleading representations in breach ... More >>
CBL Corporation And Four Independent Directors Ordered To Pay Penalties
Friday, 22 December 2023, 3:15 pm | Financial Markets Authority
The High Court has ordered CBL Corporation Limited (CBLC) and four of its former directors to pay penalties for continuous disclosure and misleading conduct breaches following proceedings brought by the Financial Markets Authority (FMA) – Te Mana ... More >>
FMA Warns Of Increase In Fake Product Disclosure Statement Scams Targeting New Zealanders
Thursday, 21 December 2023, 11:20 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is urging New Zealanders to remain vigilant and protect themselves from investment scams this holiday season. This comes during a period of escalating scam reports to the FMA. ... More >>
Former Financial Adviser Pleads Guilty To Further Dishonesty Offences
Friday, 15 December 2023, 9:26 am | Financial Markets Authority
Natalie Ann Carter, a former Hawke’s Bay-based mortgage broker, has pleaded guilty to a further three criminal charges brought against her by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko. Ms Carter faced 15 charges following an ... More >>
FMA Censures Go Financial Solutions For Breaching Its Licence Obligations
Thursday, 14 December 2023, 10:46 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has censured Go Financial Solutions Limited for failing to comply with several obligations under its financial advice provider (FAP) licence. Go Financial Solutions is a Christchurch-based ... More >>
FMA Makes Permanent Stop Order Against David McEwen And Entities Associated With Him
Friday, 8 December 2023, 10:49 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has made a permanent stop order against David Elgar McEwen and entities associated with him (McEwen and Associates). The stop order prohibits McEwen and Associates from: Making ... More >>
FMA Publishes 2023 Annual Report
Tuesday, 5 December 2023, 10:26 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today published its annual report for the year to 30 June 2023. The report captures the FMA’s delivery of its core activities to monitor and supervise firms for conduct, implement new ... More >>
Agreement Signed By New Zealand Regulator And Global Standards Body To Uphold And Promote Financial Market Integrity
Thursday, 30 November 2023, 10:11 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has signed a Consultation Agreement with the Financial Markets Standards Board (FMSB). The Agreement formalises cooperation between the FMA and FMSB. The FMA supports the primary objectives ... More >>
FMA Cancels Foundation Advice Limited’s Financial Advice Provider Licence
Tuesday, 28 November 2023, 10:28 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has cancelled Foundation Advice Limited’s (FAL) Financial Advice Provider (FAP) licence. FAL was an Auckland-based FAP offering advice on life and health insurance as well as ... More >>
