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Media releases

Keep up to date with announcements, statements and media releases on the latest news. To subscribe to our alerts and updates click 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
Edwin Mitson
Senior Adviser, Media Relations
Phone: 04 471 7655
Mobile: 021 702 036
Email: Edwin.Mitson@fma.govt.nz

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Found 438 results. Displaying page 9 of 22

    4 August 2016

    Work to do on corporate governance disclosure, FMA finds

    Media ReleaseMR No. 2016 – 234 August 2016 New Zealand listed companies publicly disclose about two-thirds of the corporate governance information that the FMA believes would be useful to investors. However, on average, unlisted companies provided only 24% of the recommended governance information. The FMA has completed a review of corporate governance disclosures by 45 companies, listed and unlisted. Good corporate governance is one of the FMA’s str...


    14 July 2016

    FMCA licensing hits the home straight

    Media ReleaseMR No.2016 - 2014 July 2016 The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game. Under the FMCA, fund managers, discretionary investment management service providers and derivatives issuers must meet new governance and capability standards before 1 December 2016. Most firms have now com...


    13 July 2016

    Changes recommended to the FAA and FSPR are good for consumers

    Media releaseMR No.2016 – 1913 July 2016 The Financial Markets Authority welcomes the Minister of Commerce and Consumer Affairs, Paul Goldsmith’s recommendations on changes to two significant pieces of legislation for NZ’s financial markets. The Financial Advisers Act (FAA) and Financial Services Providers Act (FSPA) have been through a review process including extensive consultation for the past 18 months. The proposed changes to government policy...


    6 July 2016

    FMA and SFO investigate Mr Paul Clifford Hibbs and Hansa Limited

    Media releaseMR No. 2016 – 186 July 2016 The Financial Markets Authority (FMA) and the Serious Fraud Office are investigating Mr Paul Clifford Hibbs and Hansa Limited (Hansa). Anyone who has been in contact with Mr Hibbs or Hansa in relation to the offer of financial advice, investment services, or any other form of financial product or service, is encouraged to contact the FMA on 0800 434 566, or log a complaint through the FMA’s website....


    6 July 2016

    KiwiSaver annual statements are being read but not acted upon

    Media releaseMR No.2016 – 176 July 2016 Most KiwiSaver members are reading their annual statements but only a quarter of them check to see if they’re on track to meet their retirement income goals. The Financial Markets Authority has today released the results of a survey conducted in May this year, to coincide with the time when most KiwiSaver investors are receiving their annual statements. The survey was responded to by 1,313 KiwiSaver investors,...


    29 June 2016

    FMA releases report into insurance sales and advice: Insurance replacement business - who benefits?

    Media releaseMR No.2016 – 1529 June 2016 The Financial Markets Authority is calling for cooperation from the life insurance industry and financial advisers to address the potential harms to consumers from the relatively high levels of switching of existing insurance policies. The FMA today released its first report into sales practices within the life insurance industry. The report shows that of the $1.7bn New Zealanders spent on annual life insurance...


    23 June 2016

    FMA reports on NZX’s regulatory framework

    Media releaseMR No.2016 – 1423 June 2016 The Financial Markets Authority has released its latest annual review of NZX and reports that it is meeting its statutory obligations as a market operator and frontline regulator of those markets. NZX has an important role in helping to achieve fair, orderly and transparent New Zealand financial markets which inspire confident, informed participation from New Zealand investors.  Garth Stanish, Director Capital...


    3 June 2016

    Investigation into Morgan Cooper Limited

    Media releaseMR No. 2016 – 1103 June 2016 The Financial Markets Authority (FMA) is investigating a complaint received in relation to Morgan Cooper Limited (MCL) and a Mr Rodney McCall (aka Rodney Crichton) for potential contraventions of financial markets legislation. MCL purports to offer foreign exchange currency programmes, and operates the website <http://www.morgancooperltd.co.nz/>. Anyone who has been in contact with MCL or Mr McCall in re...