1. News and resources
  2. Media releases

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

Show advanced search

Clear all

Found 481 results. Displaying page 20 of 25

    3 September 2012

    FMA releases final guidance on non-GAAP financial information

    Media Release3 September 2012 The Financial Markets Authority (FMA) has today released its final guidance note on the disclosure of non-GAAP financial information. The guidance note will assist issuers in their communication of financial information to investors and other stakeholders to minimise the potential for it to be misleading. FMA Head of Compliance Elaine Campbell said non-GAAP reporting has become common practice and it is necessary for FMA to...


    31 August 2012

    FMA proposes overhaul of rules around property proportionate ownership schemes

    Media Release31 August 2012 The Financial Markets Authority has today announced its proposal to overhaul the class exemption notice for Real Property Proportionate Ownership Schemes. The current Securities Act exemption notice expires on 30 September and FMA does not propose to grant further similar exemptions. Instead, all issuers will be required to register a prospectus and investment statement, and appoint a statutory supervisor. FMA intends to issue...


    30 August 2012

    FMA's first year - oversight of market conduct report

    Media Release30 August 2012 The Financial Markets Authority has today published its first report on the key issues and themes to emerge from market oversight activities in the first 12 months since it was established. Details are contained in FMA's inaugural Inquiries, Investigations and Enforcement Report, which is being published ahead of its Annual Report. FMA also revealed it received over 4000 complaints and enquires about the financial markets duri...


    9 August 2012

    New Chair for Financial Adviser Code Committee

    Media Release9 August 2012 The Code Committee for Authorised Financial Advisers (AFAs) has elected David Ireland as Chair for the next 12 months. A partner at Kensington Swan and a member of the Code Committee since it was established in 2009, Mr Ireland will lead the committee as it keeps under review current regulatory and legislative developments and assesses potential impacts on the Code of Professional Conduct for AFAs. "I congratulate David Ireland...


    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...


    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...


    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...


    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...


    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...


    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...