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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 476 results. Displaying page 9 of 24

    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...


    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...


    10 May 2017

    Media Statement on NZX updated code of corporate governance

    Media release MR No. 2017 – 1710 May 2017 The FMA today welcomes the publication of NZX’s updated Corporate Governance Code. The code will replace the existing Best Practice Code in NZX’s listing rules for the main board and debt market, and reflects developments in financial markets since the original code was published in 2003. The content of the NZX code is well aligned to the principles in the FMA’s Corporate Governance Handbook. Simone Robbe...


    9 May 2017

    IMF NZ FSAP Assessment 2017

    Media release MR No. 2017 – 169 May 2017 The FMA today welcomes the publication of the International Monetary Fund’s Financial System Stability Assessment (FSSA) for New Zealand. The FSSA is the IMF’s headline report from their 2016 review of New Zealand’s financial system. This review is known as a Financial Sector Assessment Program (FSAP) and included two IMF missions in August and November 2016.  Detailed documentation was examined and meeti...


    5 May 2017

    KiwiSaver trial to target decision-making a decade out from retirement

    Media release MR No. 2017 – 158 May 2017 The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track...


    11 April 2017

    Consultation on KiwiSaver fees methodology

    Media release MR No. 2017 – 1511 April 2017 KiwiSaver members will be able to see the dollar cost of the fees they are paying in their annual statements next year. The Ministry of Business and Innovation and Employment (MBiE) is currently amending the Financial Markets Conduct Regulations so that individual members’ total fees must be disclosed in annual statements in dollar values, from March 2018. Following this Government policy decision, the FMA...


    5 April 2017

    Wise-up about retirement now, so you can relax and enjoy it later

    Media release MR No. 2017 – 135 April 2017 The key ingredients that make it more likely you can relax and enjoy your life after work have been revealed in an FMA survey of older New Zealanders. The FMA commissioned Colmar Brunton to survey New Zealanders aged between 60 and 74 years, to find out their experiences of retirement and how information or advice has helped them manage their retirement savings.  Those older New Zealanders reporting strong co...


    27 March 2017

    FMA releases AFA information report

    Media releaseMR No. 2017 – 1127 March 2017 Background The Financial Markets Authority today published its third statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year. The report uses the data from that questionnaire to provide a snapshot of the sector for the 12 month period ending June 30th 2016. It has been published in Tableau to enable the industry, media...


    9 March 2017

    FMA files charges for insider trading

    Media release MR No. 2017 – 089 March 2017 The FMA has filed charges in the Auckland District Court alleging breaches of the insider trading prohibitions contained in the Financial Markets Conduct Act 2013 (FMCA). The charges were filed in relation to trading in shares of Eroad (NZX:ERD).  The individuals charged are a current and a former Eroad employee. FMA alleges that the current Eroad employee sent text messages to the former employee containing...


    8 March 2017

    FMA updates guidance on KiwiSaver sales and advice

    Media releaseMR No. 2017 – 078 March 2017 The Financial Markets Authority today released updated guidance on sales and advice for KiwiSaver providers. KiwiSaver is an important part of New Zealanders’ future financial security and for some it is their first and only investment. This makes it critical that KiwiSaver members get the help they need to make good decisions. The FMA’s guidance wants providers to encourage investors to consider four facto...


    20 February 2017

    The Financial Markets Authority publishes its first Conduct Outcomes Report

    Media release MR No. 2017 – 05 20 February 2017 The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of the broad range of conduct regulation powers available under the Financial Markets Conduct Act 2013. Key ac...


    15 February 2017

    FMA updates Strategic Risk Outlook and sets course for new era in conduct regulation

    Media Release MR No. 2017 – 04 15 February 2017 Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential harms to financial markets. Those priorities an...


    8 February 2017

    FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act

    Media Release MR No. 2017 – 02 8 February 2017  The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and AML/CFT programme by 25 Nove...