Media releases

Found 474 results. Displaying page 1 of 24

1. 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/

2. 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/

3. 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/

4. 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/

5. 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/

6. 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/

7. 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/

8. 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/

9. 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/

10. 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/

11. 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/

12. 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/

13. 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/

14. 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/

15. 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/

16. 28 August 2019

    Former Promisia chairman admits insider trading breaches

    Eoin Malcolm Miller Johnson, a former director and chairman of NZX-listed Promisia Integrative Limited (PIL), has admitted to insider trading conduct and breaching a director’s disclosure obligations. He will pay $75,000, in lieu of a penalty, to the Financial Markets Authority (FMA).

    https://www.fma.govt.nz/news-and-resources/media-releases/former-promisia-chairman/

17. 27 August 2019

    Bay of Plenty women urged to take financial investing power into their own hands

    There is a large investing gap in New Zealand between men and women. As Mary Holm, one of New Zealand’s most trusted money experts says, “In many ways women are better investors than men. So how come we often end up with lower savings?”

    https://www.fma.govt.nz/news-and-resources/media-releases/bay-of-plenty-women/

18. 22 August 2019

    FMA finding on ANZ related party transaction

    The FMA said it has completed its inquiry into disclosure by ANZ of the sale of the property at 269 St Heliers Bay Road by Arawata Assets Limited to Deborah Veronica Walsh (the wife of former CEO, David Hisco) and has determined that ANZ New Zealand Group should have disclosed this as a related party transaction in its 2017 financial statements.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-finding-on-anz-related-party-transaction/

19. 21 August 2019

    FMA reiterates warning about potential Skyway Capital/SWIG scam

    The Financial Markets Authority (FMA) is reiterating its warning that Skyway Capital may be involved in a scam, after learning the business is continuing to conduct seminars throughout the North Island.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-reiterates-warning-about-potential-skyway-capitalswig-scam/

20. 19 August 2019

    Steven Robertson convicted on 38 charges relating to PTT Limited and associated entities

    The Financial Markets Authority (FMA) has welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities.

    https://www.fma.govt.nz/news-and-resources/media-releases/steven-robertson-convicted/