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Financial Markets Authority - Latest News [Page 7]
FMA Provides Additional Support To Smaller Firms For CoFI Licensing
Friday, 14 June 2024, 11:24 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has today published an information sheet specifically for smaller firms to assist in establishing and maintaining a Fair Conduct Programme (FCP) and applying for a Financial Institution ... More >>
FMA Files Civil Proceedings Against Booster Investment Management Ltd And Individual Directors And Senior Managers
Wednesday, 12 June 2024, 1:25 pm | Financial Markets Authority
The proceedings allege breaches of the Financial Markets Conduct Act (FMCA) by BIML and the following directors and senior managers of BIML: Allan Yeo (director), Paul Foley (director), Brendon Doyle (former director), David Beattie (senior manager) ... More >>
FMA Opens Consultation On Proposed Standard Conditions For Derivatives Issuers
Tuesday, 11 June 2024, 8:01 pm | Financial Markets Authority
The proposed changes have been identified in the FMA’s 2020 Derivatives Issuer Sector Risk Assessment (SRA) and subsequent monitoring of the sector. More >>
Statement Re Adjournment Of FMA’s IPO Proceeding Against CBLC, Peter Harris, Alistair Hutchison & Carden Mulholland
Friday, 7 June 2024, 7:00 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – acknowledges the High Court’s decision to adjourn the trial for the FMA’s Initial Public Offer (IPO) proceeding against CBLC (in liquidation), its managing director Peter Harris, ... More >>
FMA Cancels Stockfox Limited’s FAP Licence
Friday, 31 May 2024, 3:57 pm | Financial Markets Authority
The stop order prohibits McEwen and Associates from making offers, issues or sales or other disposals of McEwen and Associates’ financial products or accepting contributions, investments, or deposits in respect of those products. More >>
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 >>
