Use our AI search to ask us a question or use keywords to search for pages or documents.
Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
In the event of a breach of financial markets legislation, we may intervene on an informal basis or at a low level where such action is proportionate to the misconduct and will achieve an appropriate market outcome. However, where appropriate, we will take strong action and hold individuals and entities accountable when they break the law and fail to meet the standards that are expected of them. If harm has been identified, we may also take regulatory action of some sort even though no ‘rules’ appear to have been broken.
Our enforcement activity can be viewed on this page.
The FMA filed two civil proceedings against CBL Corporation Limited and its directors following an investigation into the company’s collapse in 2018. The first proceeding involved breaches of the continuous disclosure provisions of the Financial Markets Conduct Act 2013 (FMCA). A related proceeding brought by the FMA alleges breaches by CBLC in regard to its Initial Public Offering in 2015. A six-week trial is set down for 13 April 2026 in the High Court in Auckland.