Media releases

Found 479 results. Displaying page 1 of 24

1. 17 December 2019

   FMA files civil proceedings against CBL Corporation, its directors and chief financial officer

   The FMA has issued two sets of civil proceedings in the Auckland High Court against CBL Corporation Limited (In liquidation) (CBLC), the six directors and the chief financial officer alleging multiple breaches of the Financial Markets Conduct Act 2013 (“FMC Act”). The FMA is seeking declarations of contravention¹ and civil pecuniary penalties in both proceedings.

   https://www.fma.govt.nz/news-and-resources/media-releases/civil-proceedings-against-cbl/

2. 13 December 2019

   FMA clarifies green bond disclosure requirements

   The Financial Markets Authority (FMA) has published an information sheet outlining when issuers of securities described as “green bonds” can apply the “same class exclusion” to disclosure requirements.

   https://www.fma.govt.nz/news-and-resources/media-releases/green-bond-disclosure/

3. 13 December 2019

   FMA releases findings of managed investment scheme (MIS) custody review

   The Financial Markets Authority has published a summary report on a review of custody arrangements in managed investment schemes (MIS) in response to questions raised by the International Monetary Fund (IMF).

   https://www.fma.govt.nz/news-and-resources/media-releases/mis-custody-review/

4. 5 December 2019

   Peer-to-peer lending and crowdfunding 2019 data published

   The Financial Markets Authority (FMA) published the 3rd statistical report on peer-to-peer lending (P2P) and crowdfunding services in New Zealand. The annual snapshot for the year to 30 June 2019 shows increasing participation in P2P lending services and decreasing participation in crowdfunding services.

   https://www.fma.govt.nz/news-and-resources/media-releases/peer-to-peer-lending-and-crowdfunding-2019-data-published/

5. 29 November 2019

   Council of Financial Regulators sets work priorities for 2020

   The Council of Financial Regulators (CoFR) has announced its work priorities for the coming year. The work programme includes seven separate work streams, each led by one of the CoFR agencies, but involving all the members (alongside other government agencies as necessary) in a coordinated effort to tackle issues that reach across the financial system.

   https://www.fma.govt.nz/news-and-resources/media-releases/council-of-financial-regulators-sets-work-priorities-for-2020/

6. 18 November 2019

   Audit quality improves but inconsistencies persist - FMA report

   Audit quality has broadly improved again but auditors continue to apply standards inconsistently, the FMA’s annual Audit Quality Report 2019 has found.

   https://www.fma.govt.nz/news-and-resources/media-releases/audit-quality-improves/

7. 7 November 2019

   FMA apologises for privacy breach

   The FMA today apologised for a privacy breach that meant complaints documents sent to the regulator between 2015 and 2017 were potentially accessible via internet searches.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-apologises-for-privacy-breach/

8. 4 November 2019

   FMA successfully defends FSPR appeal by FXBTG Financial Limited

   The Financial Markets Authority (FMA) has welcomed a High Court ruling upholding a direction by the FMA to de-register foreign exchange firm FXBTG Financial Limited.

   https://www.fma.govt.nz/news-and-resources/media-releases/fspr-appeal-by-fxbtg/

9. 30 October 2019

   PTT’s Steven Robertson jailed for six years, eight months

   Steven Robertson has today been sentenced to six years, eight months’ imprisonment at the Auckland High Court as a result of an investigation by the Financial Markets Authority (FMA).

   https://www.fma.govt.nz/news-and-resources/media-releases/ptts-steven-robertson-jailed-for-six-years-eight-months/

10. 30 October 2019

    FMA publishes 2019 annual report

    The annual report detail the results we have achieved against our stated intentions. These results then feedback into our next cycle of direction-setting, planning, implementation and review. The annual report is a great way to review our operational highlights for the financial year.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-2019-annual-report/

11. 18 October 2019

    FMA issues AML/CFT warning to Circle Markets Limited

    The Financial Markets Authority (FMA) has issued a formal warning to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT).

    https://www.fma.govt.nz/news-and-resources/media-releases/warning-to-circle-markets-limited/

12. 10 October 2019

    KiwiSaver providers respond on member engagement but little movement on fees

    The Financial Market Authority (FMA) has published its annual KiwiSaver report for the year to the end of March 2019, showing a welcome increase in default member engagement, but few signs of a reduction in fees.

    https://www.fma.govt.nz/news-and-resources/media-releases/kiwisaver-report-2019/

13. 2 October 2019

    FMA bolsters senior leadership team

    The Financial Markets Authority (FMA) announced two senior appointments to its executive team, reporting directly to Chief Executive Rob Everett.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-bolsters-senior-leadership-team/

14. 30 September 2019

    FMA launches managed funds guide for World Investor Week

    The FMA has published a new guide to managed funds following research suggesting more New Zealanders are considering alternative investments because of low interest rates.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-launches-managed-funds-guide-for-world-investor-week/

15. 26 September 2019

    FMA seeking feedback on responsible investment products

    The Financial Markets Authority is seeking views on how green bonds and other responsible investment products should be described, labelled and promoted to investors.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-seeking-feedback-on-responsible-investment-products/

16. 25 September 2019

    FMA welcomes Government announcement on expanded remit

    The FMA (Financial Markets Authority) welcomed the Government’s announcement that it would introduce legislation to create an oversight regime for regulating conduct in the banking and insurance sectors.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-welcomes-government-announcement-on-expanded-remit/

17. 17 September 2019

    FMA and RBNZ disappointed with insurers’ response to conduct and culture review

    The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) released their findings on life insurers’ responses to the joint Conduct and Culture Review.

    https://www.fma.govt.nz/news-and-resources/media-releases/insurers-responses/

18. 11 September 2019

    Ngā mea waiwai o te tūranga whakataka - IoD and FMA release te reo Māori directors’ guide

    The Financial Markets Authority (FMA) and Institute of Directors (IoD) have released a te reo Māori translation of The Essentials of Being a Director, coinciding with Māori Language Week.

    https://www.fma.govt.nz/news-and-resources/media-releases/te-reo-maori-directors-guide/

19. 9 September 2019

    Opportunity for all Kiwis in Capital Markets 2029 report

    NZX and the Financial Markets Authority (FMA) today welcomed the release of the Capital Markets 2029 report, saying the 10-year vision and growth agenda would create more opportunities for Kiwis to grow personal wealth, help New Zealand businesses to prosper, and help future-proof the country’s economy.

    https://www.fma.govt.nz/news-and-resources/media-releases/capital-markets-2029/

20. 4 September 2019

    FMA cancels Barry Kloogh’s financial adviser authorisation

    The Financial Markets Authority (FMA) has cancelled the authorisation of Dunedin-based Mr Barry Edward Kloogh to act as a financial adviser, as a result of concerns regarding compliance with his broker obligations under the Financial Advisers Act 2008.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-cancels-barry-klooghs-financial-adviser-authorisation/