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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 10 of 24

    8 December 2016

    FMA releases AML/CFT monitoring report

    Media AdvisoryMR No.2016 – 3708 December 2016 The FMA has today published its third annual AML/CFT monitoring report.  Reporting entities (REs) are required to file annual reports by 31 August each period, for the year ending 30 June. Data collected from these reports helps to inform the FMA’s risk-based approach to monitoring the market and understand what business activities the REs carried out. The 2016 report shows some progress in REs meeting t...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-releases-amlcft-monitoring-report/

    1 December 2016

    The end of the beginning for the new regime in financial services

    Media releaseMR No.2016 – 361 December 2016 A decade in the making, today marks the beginning of a new era in the regulation of New Zealand’s financial markets. The introduction of a stronger regime overseeing financial markets, based on the good conduct of providers, has been in train since before the establishment of the Capital Markets Development Taskforce in 2008. The Financial Markets Authority has been implementing this regime since the Financ...

    https://www.fma.govt.nz/news-and-resources/media-releases/the-end-of-the-beginning-for-the-new-regime-in-financial-services/

    28 November 2016

    FMA releases Audit Quality Monitoring report

    Media release MR No.2016 – 3528 November 2016 The FMA’s 2016 Audit Quality Report reflects that improvements continue to be made in audit quality.  The report shows the sector is increasingly aligned with the expectations of the FMA and international auditing standards and global best practice. However, it also notes that files reviewed still show that further improvement is necessary. The FMA is required under the Auditor Regulation Act 2011 to re...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-releases-audit-quality-monitoring-report/

    16 November 2016

    Minister Collins to open Fraud Film Festival

    Media release MR No. 2016 – 34 16 November 2016 The inaugural International Fraud Film Festival will be opened by Hon Judith Collins, the Minister responsible for the Serious Fraud Office, on Friday, 18 November at Auckland’s Q Theatre.  The festival concludes this year’s Fraud Awareness Week. The Fraud Film Festival is designed to bring the issue of fraud, and other forms of financial crime, alive in the New Zealand context through the medium of...

    https://www.fma.govt.nz/news-and-resources/media-releases/minister-collins-to-open-fraud-film-festival/

    15 November 2016

    When strangers call bearing investment gifts: hang up

    Media releaseMR No. 2016 – 3315 November 2016 Cold calls from strangers about investment opportunities are not only sure-fire losers, but illegal, and the Financial Markets Authority says the best response is the dial tone. As part of International Fraud Awareness Week, the FMA is warning consumers to be aware of fraudsters and protect themselves, having noticed an increase in cold-calling and ‘boiler-room’ scams.  These scams are not just affecti...

    https://www.fma.govt.nz/news-and-resources/media-releases/when-strangers-call-bearing-investment-gifts-hang-up/

    8 November 2016

    FMA issues updated guidance on KiwiSaver advice for consultation

    Media release MR No. 2016 – 32 8 November 2016 The FMA is consulting on revised guidance on advice for KiwiSaver sales. The intention of the revised guidance, published today for consultation, is to encourage advisers and financial firms to help New Zealanders make good decisions about KiwiSaver. The FMA’s review of KiwiSaver sales and advice practices in 2015 found that only 3 in 1000 sales or transfers had occurred with personalised advice. There w...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-issues-updated-guidance-on-kiwisaver-advice-for-consultation/

    4 November 2016

    Minister announces more funding for FMA work

    4 November 2016 The FMA has acknowledged the announcement by Commerce and Consumer Affairs Minister Paul Goldsmith of government approval to increase FMA funding. See Ministers announcement here. This is the first review of the FMA’s funding since its establishment in 2011 and since the passing of the FMC Act in 2013. The Government has approved an increase in funding of $9.8 million. While the Crown and levy payers will continue to share the costs of...

    https://www.fma.govt.nz/news-and-resources/media-releases/minister-announces-more-funding-for-fma-work/

    3 November 2016

    Corruption in sport is just one of many types of fraud

    New Zealand’s first International Fraud Film Festival Media releaseMR No. 2016 - 3103 November 2016  New Zealand’s latest film festival tackles a form of fraud that has hit news headlines around the world in recent years – the issue of corruption in sport. The film will be followed by a panel discussion with the sweetheart of NZ sport Valerie Adams, presenter Hayley Holt and Paul David QC who will discuss the effect corruption can have in the spor...

    https://www.fma.govt.nz/news-and-resources/media-releases/corruption-in-sport-is-just-one-of-many-types-of-fraud/

    18 October 2016

    New Zealand’s latest film festival brings fraud to the big screen

    New Zealand’s first International Fraud Film Festival Media release MR No. 2016 – 30 18 October 2016 'Cinema is the most beautiful fraud in the world*' and New Zealand’s latest film festival is designed to bring the issue of fraud, and other forms of financial crimes, alive through the medium of film. Saturday is open to the public to join in the debate after each film about how to counter fraud and tickets are available now. The inaugural New Zea...

    https://www.fma.govt.nz/news-and-resources/media-releases/new-zealands-latest-film-festival-brings-fraud-to-the-big-screen/

    10 October 2016

    The FMA releases 2016 Annual Report

    Media release MR No.2016 – 29 10 October 2016 The Financial Markets Authority (FMA) 2016 annual report highlights the fact the FMA has now moved from transition mode to establishing itself as a fully-fledged conduct regulator. In addition to operating those parts of its regime already in place, the FMA has been busy this past year preparing for the final pieces of the Financial Markets Conduct (FMC) Act to come into effect in December.  Chairman Murr...

    https://www.fma.govt.nz/news-and-resources/media-releases/the-fma-releases-2016-annual-report/

    5 October 2016

    FMA 2016 KiwiSaver report shows growth in members and funds slowing

    FMA reports on default provider member initiatives for first time Media releaseMR No. 2016 – 285 October 2016 Total money in KiwiSaver funds continues to grow, but at a much slower pace than the previous two years as both returns and numbers of new members decline. Investment returns in the year to 30 March 2016 were a smaller proportion of the overall growth, as markets fell back from earlier double digit performance. Total members in KiwiSaver have a...

    https://www.fma.govt.nz/news-and-resources/media-releases/kiwisaver-report-2016/

    9 September 2016

    Two simple steps towards a better retirement

    Media ReleaseMR 2016 - 269 September 2016 New research has revealed many New Zealanders could be just two simple steps away from a better retirement. The Commission for Financial Capability and the Financial Markets Authority are urging people to give their KiwiSaver accounts a double shot of attention during Money Week so they don’t miss out. The organisations ran a joint snapshot survey asking how much KiwiSaver members knew about the fees they were...

    https://www.fma.govt.nz/news-and-resources/media-releases/two-simple-steps-towards-a-better-retirement/

    30 August 2016

    European recognition of FMA oversight of auditors

    Media ReleaseMR 2016 - 2530 August 2016 The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union.  With this announcement, the Commission has concluded that the New Zealand systems of public oversight, quality assurance, investigation and penalties for auditors and audit firms are equivalent of that of the Member States...

    https://www.fma.govt.nz/news-and-resources/media-releases/european-recognition-of-fma-oversight-of-auditors/

    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...

    https://www.fma.govt.nz/news-and-resources/media-releases/work-to-do-on-corporate-governance-disclosure-fma-finds/

    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...

    https://www.fma.govt.nz/news-and-resources/media-releases/fmca-licensing-hits-the-home-straight/