Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Financial Markets Authority for InfoPages here.
Financial Markets Authority - Latest News [Page 9]
FMA Acknowledges Guilty Verdict In Pushpay Insider Trading Case
Wednesday, 23 August 2023, 6:20 pm | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko –acknowledges today’s guilty verdict in the criminal trial of an individual accused of insider conduct in relation to the sale of shares in Pushpay Holdings Limited (NZX:PPH). ... More >>
FMA Issues Warning To Enprise Group Limited
Friday, 11 August 2023, 10:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued Enprise Group Limited (Enprise) a warning for failing to keep proper accounting records. These records are required to ensure financial statements comply with generally accepted ... More >>
CoFI Licensing Begins
Tuesday, 25 July 2023, 10:07 am | Financial Markets Authority
From today the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – will begin accepting licensing applications for financial institution licences under the Conduct of Financial Institutions (CoFI) regime. Under CoFI, about 100 registered ... More >>
Forestlands Sole Director, Rowan Kearns, Sentenced For Making False Statements And Financial Reporting Offences
Friday, 21 July 2023, 1:52 pm | Financial Markets Authority
Rowan Kearns, the founder and sole director of the Forestlands group of companies, was sentenced yesterday to four months’ community detention and 100 hours’ community work with a 9pm – 7am curfew. The sentence follows a prosecution brought by the ... More >>
Highest Penalties To Date For Market Manipulation Ordered For Oceania Natural Limited Defendants
Friday, 21 July 2023, 10:55 am | Financial Markets Authority
The penalty hearing for the first and second defendants in the Oceania Natural Limited (ONL) proceeding brought by the Financial Markets Authority – Te Mana Tātai Hokohoko – was heard at the High Court in Auckland last Thursday, 13 July. Previously, on ... More >>
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 >>
