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Financial Markets Authority - Latest News [Page 9]
FMA Publishes Scenario Analysis Information Sheet For Climate Related Disclosures Regime
Tuesday, 18 July 2023, 10:51 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has today released its scenario analysis information sheet to help climate reporting entities (CREs) meet their obligations under the Climate-Related Disclosures (CRD) regime. ... More >>
FMA Releases Standard Condition For Consultation To Improve Operational And Cyber Resilience
Wednesday, 12 July 2023, 10:41 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders. The new licence condition will focus on ... More >>
FMA Makes Permanent Stop Order Against Validus After Appeal Is Dismissed In The High Court
Wednesday, 5 July 2023, 11:00 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has made a permanent stop order (Order) that applies to Validus International LLC (Validus), Validus-FZCO, and associated persons of Validus, using the FMA’s powers under the ... More >>
FMA Publishes Updated And Refreshed Auditor And Regulation Oversight Plan 2023-2026
Friday, 30 June 2023, 11:10 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – will conduct yearly audit quality reviews (AQR) of every licensed audit firm in a refreshed Auditor and Regulation Oversight Plan 2023-2026. The plan, released today, sets out the areas ... More >>
Tiger Brokers To Pay $900,000 Penalty For Multiple AML/CFT Act Breaches
Thursday, 29 June 2023, 11:33 am | Financial Markets Authority
The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), in proceedings brought by the Financial Markets Authority (FMA) ... More >>
NZX Meets All Its Requirements As The Market Operator – FMA Annual Review
Wednesday, 28 June 2023, 9:54 am | Financial Markets Authority
NZX has complied with its obligations as a market operator, a report by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has found. The annual NZX Market Operator Obligations Review , released today, reports on how well NZX is meeting ... More >>
FMA Publishes Final Guidance For The Intermediated Distribution Of Financial Products
Monday, 26 June 2023, 11:03 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today published its final guidance for financial institutions that distribute products and services through intermediaries as part of the Conduct of Financial Institutions (CoFI) regime. ... More >>
FMA Publishes Climate Related Disclosure Record Keeping Draft Guidance For Consultation
Friday, 23 June 2023, 11:06 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has published three documents to support Climate Reporting Entities (CREs) in meeting their obligations under the new Climate Related Disclosure (CRD) reporting requirements. The purpose ... More >>
FMA Warns New Zealanders Of Comparison Website Harvesting Investor Details
Friday, 16 June 2023, 11:41 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is urging New Zealanders to exercise extreme caution when dealing with a phony interest rates comparison website. The FMA believes the website is harvesting users’ personal ... More >>
FMA Reaches Agreement With CBL Corporation And Four Independent Directors On Continuous Disclosure Breaches
Monday, 12 June 2023, 12:04 pm | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko - has reached agreement with CBL Corporation Limited (In Liquidation) (CBLC) and four of its former directors in respect of the FMA's claims of continuous disclosure breaches and misleading conduct. ... More >>
FMA Files Proceedings Against Medical Assurance Society Over Fair Dealing Provision Breaches
Thursday, 1 June 2023, 11:31 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has filed High Court proceedings against Medical Assurance Society New Zealand Limited (MAS) and its subsidiaries for fair dealing breaches under section 22 of the Financial Markets ... More >>
FMA Files Criminal Charges Against Yuen Pok (Paul) Loo
Tuesday, 23 May 2023, 9:43 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has filed criminal charges against Yuen Pok (Paul) Loo following offences under financial markets legislation. Mr Loo has been charged with: forgery under section 256(1) of the Crimes Act; using ... More >>
FMA Censures Aurora Financial Group Limited For Misleading Clients
Wednesday, 10 May 2023, 5:50 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has censured Aurora Financial Group Limited (Aurora Financial) for misleading existing and potential clients about KiwiSaver returns. Following a review, the FMA is satisfied that Aurora ... More >>
Two Individuals Found To Have Breached Market Manipulation Prohibitions And Disclosure Obligations
Wednesday, 12 April 2023, 12:55 pm | Financial Markets Authority
Wei (Walker) Zhong and Lei (Regina) Ding have been found to have contravened the Financial Markets Conduct Act 2013 in relation to the trading of Oceania Natural Limited (ONL) shares. In 2019 the Financial Markets Authority (FMA) - Te Mana Tātai ... More >>
FMA Issues Formal Warning To Vanguard
Wednesday, 29 March 2023, 10:22 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - hasissued a formal warning to Vanguard Investments Australia Limited (Vanguard), for failing to lodge a required notice on the New Zealand Companies Office Disclose Register. ... More >>
FMA Appoints Three New Directors Within Regulatory Leadership Team
Friday, 17 March 2023, 1:21 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - today confirmed it has substantially completed senior appointments as part of its organisation redesign. Three directors have been appointed to new roles in the strategic leadership cohort: ... More >>
Financial Advice Regulatory Regime - Now In Full Effect
Friday, 17 March 2023, 12:23 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is marking the final major milestone in the new financial advice regime: the end of the transitional licensing phase. With full licensing now in effect, this will continue to give Kiwis ... More >>
FMA Appoints Daniel Trinder To New Executive Leadership Team
Monday, 13 March 2023, 12:40 pm | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - today confirmed the appointment of Daniel Trinder, to join its enterprise leadership team as Executive Director – Strategy and Design. Mr Trinder brings over twenty-five years’ experience ... More >>
FMA Warns Du Val Capital Partners Limited Over Misleading Or Deceptive Statements To Investors In Du Val Mortgage Fund
Friday, 10 March 2023, 1:27 pm | Financial Markets Authority
The FMA has warned Du Val Capital Partners Limited (DVCP), the general partner of the Du Val Mortgage Fund Limited Partnership (Du Val Mortgage Fund, MFLP, the Fund) and Du Val Group. The FMA is satisfied that DVCP and Du Val Group may have breached ... More >>
The FMA Opens Consultation On Draft Guidance For The Intermediated Distribution Of Financial Products
Monday, 20 February 2023, 12:13 pm | Financial Markets Authority
To prepare for the Conduct of Financial Institutions (CoFI) regime, the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) – is seeking feedback on proposed guidance that covers arrangements where financial institutions distribute products ... More >>
