Media releases

Found 500 results. Displaying page 1 of 25

1. 30 June 2020

   FMA publishes NZX Obligations annual review

   NZX met its statutory obligations as a licensed market operator for the period 1 January to 31 December 2019, according to the Financial Markets Authority (FMA)’s annual review. The NZX General Obligations Review, published by the FMA today, found that NZX complied with its market operator obligations during the review period.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-publishes-nzx-obligations-annual-review/

2. 30 June 2020

   FMA publishes Statement of Intent and Statement of Performance Expectations

   The Financial Markets Authority (FMA) has today released the Statement of Intent and Statement of Performance Expectations. Together the publications set out how the FMA will measure and report on progress against its performance measures and targets. Read both documents and the full media release here.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-publishes-statement-of-intent-and-statement-of-performance-expectations/

3. 25 June 2020

   FMA welcomes start date of new financial advice regime and confirmation of disclosure requirements

   The Financial Markets Authority (FMA) is encouraging advisers to apply for their transitional licences by the end of the year, as the Government announces final details of the new financial advice regime.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-welcomes-start-date-of-new-financial-advice-regime/

4. 25 June 2020

   Investor confidence holds up despite COVID-19 market volatility

   Investor confidence has remained steady for the third year running, in spite of the volatility caused by COVID-19, a Financial Markets Authority (FMA) survey has found.

   https://www.fma.govt.nz/news-and-resources/media-releases/investor-confidence-holds-up-despite-covid-19-market-volatility/

5. 23 June 2020

   FMA files proceedings against CLSAP NZ (formerly KVB Kunlun) for alleged anti-money laundering breaches

   The Financial Markets Authority (FMA) has filed civil High Court proceedings against CLSA Premium New Zealand Limited (CLSAP NZ) for alleged breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. Read the full media release here.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-files-proceedings-against-clsa-nz-formerly-kvb-kunlun-for-anti-money-laundering-breaches/

6. 19 June 2020

   FMA publishes Auditor Regulation and Oversight Plan

   The plan sets out the areas the FMA will focus on as part of its role in reviewing the quality of Financial Markets Conduct Act audits, and contributing to the integrity and development of the audit profession.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-publishes-auditor-regulation-and-oversight-plan/

7. 17 June 2020

   FMA statement on director liability and continuous disclosure

   The Financial Markets Authority (FMA) has considered the need for regulatory relief in relation to director liability thresholds, following changes in Australia.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-statement-on-director-liability-and-continuous-disclosure/

8. 17 June 2020

   FMA KiwiSaver tracker updated, showing part of COVID-19 impact

   The FMA’s online KiwiSaver tracker tool has been updated with the quarterly fund information for March 2020, reflecting the volatility that hit markets in the first quarter of the year. View the tracker with updated data here.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-kiwisaver-tracker-updated-showing-part-of-covid-19-impact/

9. 17 June 2020

   FMA opens consultation on standard conditions for full licensing for financial advice

   The Financial Markets Authority (FMA) has opened consultation on the proposed full licence standard conditions for Financial Advice Providers, as part of the new financial advice regime. Read the consultation document here.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-opens-consultation-on-standard-conditions-for-full-licensing-for-financial-advice/

10. 12 June 2020

    Rodney McCall (aka Rodney Crichton) pleads guilty to Crimes Act and FMA Act charges

    Rodney McCall, also known as Rodney Crichton, has today plead guilty to charges brought by the Financial Markets Authority (FMA).

    https://www.fma.govt.nz/news-and-resources/media-releases/rodney-mccall-aka-rodney-crichton-pleads-guilty-to-crimes-act-and-fma-act-charges/

11. 8 June 2020

    Court of Appeal rejects sentence appeal by PTT’s Steven Robertson

    The Financial Markets Authority (FMA) has welcomed the Court of Appeal’s decision to dismiss a sentence appeal by Steven Robertson, who defrauded victims of $2.1 million through PTT Limited.

    https://www.fma.govt.nz/news-and-resources/media-releases/court-of-appeal-rejects-sentence-appeal-by-ptts-steven-robertson/

12. 5 June 2020

    FMA files court proceedings against ANZ for false and misleading representations over credit card insurance charges

    The Financial Markets Authority (FMA) has filed High Court proceedings against ANZ Bank New Zealand (ANZ), alleging the bank charged some customers for credit card repayment insurance (CCRI) policies that offered those customers no cover.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-files-court-proceedings-against-anz-for-false-and-misleading-representations-over-credit-card-insurance-charges/

13. 3 June 2020

    KiwiSaver investors to see how much they may have in retirement

    KiwiSaver investors will see how much money their KiwiSaver investments could provide at age 65 when they open their annual statements this year.

    https://www.fma.govt.nz/news-and-resources/media-releases/kiwisaver-investors-to-see-how-much-they-may-have-in-retirement/

14. 28 May 2020

    FMA warns financial adviser for advice to clients about COVID-19

    FMA has issued a formal warning to a financial adviser who made recommendations to clients that they urgently move their investments to ‘low risk’ funds in the wake of COVID-19. The adviser failed to clarify that the advice may not be suitable for all clients.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-warns-financial-adviser-for-advice-to-clients-about-covid-19/

15. 18 May 2020

    FMA reports steady progress on financial advice transitional licensing

    FMA reports steady progress on financial advice transitional licensing

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-reports-steady-progress-on-financial-advice-transitional-licensing/

16. 14 May 2020

    Outcome of MBIE/FMA review of funding and levies

    MBIE have published the outcome of the review of the FMA’s funding and levies which took place earlier this year.

    https://www.fma.govt.nz/news-and-resources/media-releases/outcome-mbie-fma-review-funding-levies/

17. 13 May 2020

    Campaign to raise scam awareness among Pacific communities as reports rise

    The FMA has seen a steady increase in complaints about a variety of scams since the beginning of March. The most reported scam was a cryptocurrency campaign on social media using fake news articles and false celebrity endorsements to promote Bitcoin investments.

    https://www.fma.govt.nz/news-and-resources/media-releases/campaign-to-raise-scam-awareness-among-pacific-communities-as-reports-rise/

18. 6 May 2020

    FMA and External Reporting Board release review of key audit matters reporting

    The Financial Markets Authority (FMA) and External Reporting Board (XRB) have released their second joint review of key audit matters, after audit reporting standards were lifted three years ago.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-and-external-reporting-board-release-review-of-key-audit-matters-reporting/

19. 29 April 2020

    FMA suspends EncoreFX licence following voluntary administration

    FMA has suspended the derivatives issuer licence of EncoreFX (NZ) Limited (EncoreFX) after the business was put into voluntary administration by its Canadian parent.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-suspends-encorefx-licence-following-voluntary-administration/

20. 6 April 2020

    FMA issues warning to Tiger Brokers and six firms for anti-money laundering breaches

    The FMA has issued a formal warning to NZX-accredited broker Tiger Brokers (NZ) Limited for failing to have several adequate anti-money laundering protections in place.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-issues-warning-to-tiger-brokers-and-six-firms-for-anti-money-laundering-breaches/