Media releases

Found 422 results. Displaying page 1 of 22

1. 12 March 2019

   Expiry dates on all Financial Markets Conduct Act licences to be removed

   The Financial Markets Authority (FMA) is to remove the expiry dates for all licences issued under the Financial Markets Conduct Act 2013 in a process expected to be complete by the middle of 2019. Read more here.

   https://www.fma.govt.nz/news-and-resources/media-releases/fmca-licensing-update/

2. 5 March 2019

   Appeal court judgment in ANZ Bank New Zealand v Financial Markets Authority

   The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA). Read more here.

   https://www.fma.govt.nz/news-and-resources/media-releases/appeal-court-judgment-in-anz-bank-new-zealand-v-financial-markets-authority/

3. 1 March 2019

   ASX 24 derivatives market review

   The FMA has today published the findings of its obligations review of the ASX 24 derivatives market. The review did not identify any significant issues, and the FMA is generally satisfied that ASX is meeting the conditions of its market operator licence.

   https://www.fma.govt.nz/news-and-resources/media-releases/asx-24-derivatives-market-review/

4. 27 February 2019

   The ingredients for successful KiwiSaver communications

   The results of a second FMA, MBIE and industry trial demonstrates using communications based on behavioural insights encourages KiwiSaver members to make an active choice about their investment. The report, “Using behavioural insights to improve KiwiSaver outcomes” was published today.

   https://www.fma.govt.nz/news-and-resources/media-releases/kiwisaver-behavioural-insights/

5. 25 February 2019

   South and Provan jailed for 4 years and 6 months on Crimes Act charges

   Two men have both been sentenced to four years and six months in prison at Tauranga District Court on charges brought by the Financial Markets Authority (FMA).

   https://www.fma.govt.nz/news-and-resources/media-releases/south-and-provan-jailed-on-crimes-act-charges/

6. 20 February 2019

   Smart Investor tool launched to help Kiwis get ahead financially

   A new online tool called Smart Investor enables Kiwis to search and compare New Zealand investments such as KiwiSaver, shares, bonds and other types of managed products for the first time.

   https://www.fma.govt.nz/news-and-resources/media-releases/smart-investor-tool-launched-to-help-kiwis-get-ahead-financially/

7. 29 January 2019

   FMA and RBNZ report on life insurer conduct and culture

   The FMA and RBNZ have completed their joint review of 16 New Zealand life insurers. This review follows the regulators’ bank review published in November 2018.

   https://www.fma.govt.nz/news-and-resources/media-releases/fma-and-rbnz-report-on-life-insurer-conduct-and-culture/

8. 24 January 2019

   NZX & FMA initiate industry review: Capital Markets 2029

   NZX and FMA have initiated an industry-led review of New Zealand’s capital markets. Capital Markets 2029 is designed to deliver a ten-year vision and growth agenda for the sector.

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

9. 18 December 2018

   Two men convicted on Crimes Act charges

   Two men have been found guilty at Tauranga District Court on charges filed by the Financial Markets Authority (FMA): Robert Ian South and Murray Byron Provan.

   https://www.fma.govt.nz/news-and-resources/media-releases/two-men-convicted-on-crimes-act-charges/

10. 17 December 2018

    Explaining fees and products key for consumers

    The Financial Markets Authority (FMA) released a survey into consumers’ experience of providers’ conduct.

    https://www.fma.govt.nz/news-and-resources/media-releases/explaining-fees-and-products-key-for-consumers/

11. 5 December 2018

    Accredited Body Reports - NZICA and CPA Australia Published - December 2018

    We published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia.

    https://www.fma.govt.nz/news-and-resources/media-releases/accredited-body-reports-published-2018/

12. 30 November 2018

    FMA reports on Wynyard investigation

    FMA has published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing obligations.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-reports-on-wynyard-investigation/

13. 28 November 2018

    Public warning –Brian (John) Ferguson

    The Financial Markets Authority (FMA) has issued a public warning about Brian Ferguson, a registered financial adviser from Palmerston North.

    https://www.fma.govt.nz/news-and-resources/media-releases/public-warning-brian-john-ferguson/

14. 26 November 2018

    FMA publishes 2018 Audit Quality Report & Directors’ Guide

    The FMA's Audit Quality Report 2018 expresses concern at the continued inconsistencies in audits provided by the same firm, while noting the overall quality of audits has improved in recent years.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-publishes-2018-audit-quality-report-and-directors-guide/

15. 23 November 2018

    Peer-to-peer lending/crowdfunding 2018 data published

    The FMA published its second statistical report on peer to peer lending and crowd funding in New Zealand.

    https://www.fma.govt.nz/news-and-resources/media-releases/peer-to-peer-lendingcrowdfunding-2018-data-published/

16. 15 November 2018

    Incentives for bank staff too highly focused on sales - November 2018

    The Financial Markets Authority (FMA) published Bank Incentive Structures, its thematic review of how banks in New Zealand incentivise their staff. The report sits alongside the recently published joint FMA/Reserve Bank of New Zealand Conduct and Culture review of New Zealand’s banks.

    https://www.fma.govt.nz/news-and-resources/media-releases/incentives-for-bank-staff-too-highly-focused-on-sales/

17. 14 November 2018

    Supporting family and friends who have been scammed

    We are highlighting the case of ‘Simon’ and his father-in-law ‘Richard’ as part of the Ministry of Business, Innovation and Enterprise’s Fraud Awareness Week.

    https://www.fma.govt.nz/news-and-resources/media-releases/supporting-family-and-friends-who-have-been-scammed/

18. 12 November 2018

    CBL Investigation update

    https://www.fma.govt.nz/news-and-resources/media-releases/cbl-investigation-update-2/

19. 5 November 2018

    FMA and RBNZ report on bank conduct and culture

    FMA and RBNZ have completed their joint review into the conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-and-rbnz-report-on-bank-conduct-and-culture/

20. 29 October 2018

    Exemption passed to enable disclosure documents in English and te reo Maori

    FMA has granted a class exemption to enable companies who offer investments to publish product disclosure statements (PDS) in both te reo Māori and English (dual-language PDS).

    https://www.fma.govt.nz/news-and-resources/media-releases/exemption-passed-to-enable-disclosure-documents-in-english-and-te-reo-maori/