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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 20 of 24

    2 July 2012

    Trans-Tasman mutual recognition of financial advisers announced

    Media Release2 July 2012 The Australian Securities & Investments Commission (ASIC) and New Zealand's Financial Markets Authority (FMA) have today announced mutual recognition arrangements for Australian and New Zealand financial advisers. This will enable financial advisers to provide services in each other's countries based on the qualifications and experience they have attained from their home country. FMA CEO Sean Hughes said, "The announcement is...

    https://www.fma.govt.nz/news-and-resources/media-releases/trans-tasman-mutual-recognition-of-financial-advisers-announced/

    25 June 2012

    FMA consults on guidance on KiwiSaver sales and distribution

    Media Release25 June 2012 The Financial Markets Authority is consulting on draft guidance for people involved with the sale and distribution of KiwiSaver schemes. Head of Primary Regulatory Operations Sue Brown said the guidance explains the approach FMA proposes to take when looking at KiwiSaver sales practices. "We recognise that an important objective of KiwiSaver is to make it easy for New Zealanders to save for their future," Ms Brown said. "In dev...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-consults-on-guidance-on-kiwisaver-sales-and-distribution/

    8 June 2012

    FMA releases final guidance on Effective Disclosure

    Media Release8 June 2012 The Financial Markets Authority (FMA) has today released its final guidance note for issuers, directors and advisers on Effective Disclosure. Following publication of the revised draft guidance in April, FMA has engaged with industry and consumer groups and received 40 submissions, which were overwhelmingly positive. FMA Head of Primary Regulatory Operations, Sue Brown, said the final guidance note will improve the quality, accur...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-releases-final-guidance-on-effective-disclosure/

    25 May 2012

    FMA releases KiwiSaver performance fees guidance note

    Media Release25 May 2012 The Financial Markets Authority (FMA) has today released a final version of its guidance note on KiwiSaver performance fees. The guidance sets out the criteria against which FMA will assess the reasonableness of performance fees, which are fees charged to an investor when an investment manager outperforms an appropriate benchmark. FMA Head of Compliance Monitoring, Elaine Campbell said, "While only two KiwiSaver providers current...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-releases-kiwisaver-performance-fees-guidance-note/

    22 May 2012

    FMA consultation on disclosure of non-GAAP financial information

    Media Release22 May 2012 The Financial Markets Authority has today published draft guidance for public consultation on the disclosure of non-GAAP financial information. One of the most common forms of non-GAAP financial information is profit information often referred to as 'alternative performance measures' (APMs). "The use of APMs such as 'underlying profit' and 'normalised profit' in public documents including annual reports, market announcements and...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-consultation-on-disclosure-of-non-gaap-financial-information/

    12 April 2012

    FMA calls for submissions on exemption reviews

    Media Release12 April 2012 The Financial Markets Authority is seeking submissions from market participants, investors, representatives and advisers on review of 44 class exemption notices due to expire later this year. FMA is able to grant exemptions from provisions of various securities laws. Exemptions remove rigidities in the law and ensure standards set for market participants are reasonable and cost-effective. They provide relief where the costs of...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-calls-for-submissions-on-exemption-reviews/

    5 April 2012

    FMA publishes revised draft guidance on effective disclosure

    Media Release5 April 2012 The Financial Markets Authority today published their revised draft guidance note for issuers, directors and advisers on preparation of effective disclosure documents. Following publication of the first draft guidance in late January, FMA has engaged with industry and consumer groups and received more than 60 submissions. As a result of that feedback, the second draft guidance note is markedly different to the first. FMA is now...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-publishes-revised-draft-guidance-on-effective-disclosure/

    14 March 2012

    FMA to issue revised draft guidance note on effective disclosure in offer documents

    Media Release14 March 2012 The Financial Markets Authority will publish a revised draft of its guidance note by 2 April 2012 and invites further submissions from the market. The first round of market consultation, completed 9 March, consisted of 30 stakeholder meetings. FMA also received over 60 written submissions and is now reviewing and carefully considering all feedback. FMA CEO Sean Hughes said "We are impressed with the quality and depth of submi...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-to-issue-revised-draft-guidance-note-on-effective-disclosure-in-offer-documents/

    29 February 2012

    FMA warns of illegal offer by Makko Securities to advise on Facebook IPO

    Media Release29 February 2012 The Financial Markets Authority is warning the public of an illegal offer by Makko Securities and its Senior Account Manager, Roy Lochen, to provide broking services in relation to the proposed Initial Public Offering of Facebook and other securities. Makko Securities is not registered to provide financial services in New Zealand and therefore cannot legally offer financial advice or broking services to retail investors in N...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-warns-of-illegal-offer-by-makko-securities-to-advise-on-facebook-ipo/

    26 January 2012

    FMA to issue guidance on effective disclosure in offer documents

    Media Release26 January 2012 The Financial Markets Authority today published draft guidance for securities issuers, directors and their advisers on how to prepare and present effective prospectuses and investment statements. CEO Sean Hughes said FMA welcomed comments and suggestions from interested parties before the guidance is finalised. "Effective disclosure is one of the fundamentals of fair, efficient and transparent financial markets. It enhances...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-to-issue-guidance-on-effective-disclosure-in-offer-documents/

    19 January 2012

    FMA and SFO sign Memorandum of Understanding

    Media Release19 January 2012 The Financial Markets Authority (FMA) and the Serious Fraud Office (SFO) have signed a Memorandum of Understanding (MOU) which will enhance their already close working relationship and drive greater efficiencies between the two agencies. The initiative, announced by FMA Chief Executive Sean Hughes and SFO Chief Executive Adam Feeley, provides a framework within which the organisations can co-ordinate their activities, exchang...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-and-sfo-sign-memorandum-of-understanding/

    21 December 2011

    FMA advises investors who receive unsolicited offers for their shares or other securities to seek advice

    FMA asked VonWin Capital Management L.P. and Stock & Share Trading Company Pty Ltd for an enforceable undertaking and to include a statement provided by FMA at the beginning of any unsolicited offer they send to investors to ensure they make an informed decision. Read more.

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-advises-investors-who-receive-unsolicited-offers-for-their-shares-or-other-securities-to-seek-advice/

    7 December 2011

    FMA completes strategic leadership team with two further appointments

    Media Release7 December 2011 The Financial Markets Authority has completed the recruitment of its strategic leadership team with two further appointments reporting to Chief Executive Sean Hughes. The new roles and appointees are:Belinda Moffat, Head of Enforcement Ms Moffat brings considerable experience of litigation from her career in legal private practice. She is currently Head of Dispute Resolution at Westpac New Zealand, overseeing a team responsib...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-completes-strategic-leadership-team-with-two-further-appointments/