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Media releases

Keep up to date with announcements, statements and media releases. Subscribe to our alerts and updates here.

For media enquiries, please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: Andrew.Park@fma.govt.nz
Campbell Gibson
Senior Adviser, Media Relations
Phone: 09 967 1232
Mobile: 021 945 323
Email: Campbell.Gibson@fma.govt.nz

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Found 473 results. Displaying page 8 of 24

    31 July 2017

    Judgment confirmed in the FMA v Warminger as appeals withdrawn

    Media release MR No. 2017 – 3431 July 2017  Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. The judgment from March 2017 and penalty decision from June 2017 stand and this brings these civil proceedings to a close. In the High Court Venning J found that, in relation to two of the causes of action, Mr Warminger had committe...

    https://www.fma.govt.nz/news-and-resources/media-releases/judgment-confirmed-in-the-fma-v-warminger-as-defence-withdraws-appealnew-registry-item/

    21 July 2017

    Consumers tell FMA about financial providers’ conduct

    Media release MR No. 2017 – 3321 July 2017 Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. The FMA has completed its first survey of consumers’ experience of conduct. It follows the publication of the FMA’s guide to its view of conduct earlier this year. This focused on the ‘five Cs for good conduct’: capability, conflict, cul...

    https://www.fma.govt.nz/news-and-resources/media-releases/consumers-tell-fma-about-financial-providers-conduct/

    19 July 2017

    FMA confirms KiwiSaver fees methodology

    Media release MR No. 2017 – 3219 July 2017 The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged at the fund level to investors using one...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-confirms-kiwisaver-fees-methodology/

    22 June 2017

    FADC decision on a financial adviser

    Media Release22 June 2017 The Financial Advisers Disciplinary Committee (FADC) has released its decision into FMA’s complaint against an authorised financial adviser. The FADC has granted name suppression for the time being, until a decision has been made on disposition. A copy of the decision can be found here. Share this Share on Facebook Tweet this...

    https://www.fma.govt.nz/news-and-resources/media-releases/fadc-decision-on-a-financial-adviser/

    21 June 2017

    FMA seeks feedback on robo-advice exemption

    Media release MR No. 2017 - 2821 June 2017 The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. The current law, passed in 2008, did not contemplate digital advice, meaning that personalised advice, or advice that takes into account an individual's financial situ...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-seeks-feedback-on-robo-advice-exemption/

    8 June 2017

    FMA announces methodology for KiwiSaver fee disclosure

    Media release MR No. 2017 –238 June 2017 The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers to understand the requirements of those regulations. The FMA today announced its decision on the methodology for calculating the fees charged to members by dolla...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-announces-methodology-for-kiwisaver-fee-disclosure/

    29 May 2017

    FMA survey: Investor confidence bounces back

    Media release MR No. 2017 – 2229 May 2017 Major disruptions in world events over the last year have not dented New Zealanders’ confidence in financial markets. The FMA today released its annual survey into the public’s attitude to financial markets. The survey shows that confidence has risen significantly to 65% among all respondents, from 56% in 2016. Investor confidence in the markets has reached its highest level (69%) since the FMA started the...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-survey-investor-confidence-bounces-back/

    26 May 2017

    RBNZ and FMA welcome new foreign exchange market Global Code of Conduct

    Media release MR No. 2017 – 2126 May 2017 The Reserve Bank of New Zealand and Financial Markets Authority have welcomed the release of a new code to promote good practice in the international foreign exchange market. The new Global Code of Conduct for the Foreign Exchange Market was released in London by the Bank for International Settlements last night. It was developed by central banks and foreign exchange market participants from 16 international ju...

    https://www.fma.govt.nz/news-and-resources/media-releases/rbnz-and-fma-welcome-new-foreign-exchange-market-global-code-of-conduct/

    24 May 2017

    Licensing overview: what the FMA found and what firms need to know

    Media releaseMR No. 2017 – 2024 May 2017 Common issues, hints for new applicants and a guide to the Financial Markets Authority’s (FMA) future focus are included in a review of the regulator’s first two and a half years of licensing. The Financial Markets Conduct Act 2013 (FMC Act) introduced a system of licensing and monitoring for the first time for many companies involved in New Zealand’s financial markets. By December 2016, the transition to...

    https://www.fma.govt.nz/news-and-resources/media-releases/licensing-overview-what-the-fma-found-and-what-firms-need-to-know/

    15 May 2017

    Changes for investment companies offering shares to protect investors

    Media release MR No. 2017 – 1815 May 2017 Investors will benefit from greater protection due to a change in the way the Financial Markets Authority (FMA) will treat certain companies offering shares. Under the Financial Markets Conduct Act 2013, the FMA is able to designate products based on their economic substance, rather than their legal form. From May 19, a class designation comes into effect so that the FMA will treat newly issued shares in invest...

    https://www.fma.govt.nz/news-and-resources/media-releases/changes-for-investment-companies-offering-shares-to-protect-investors/