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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 481 results. Displaying page 21 of 25

    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    FMA to issue revised draft guidance note on effective disclosure in offer documents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    Media Release26 January 2012 The Financial Markets Authority today published draft guidance for securities issuers, directors and their advisers on how to prepare and present effective prospectuses and investment statements.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/

    17 November 2011

    FMA releases results of stakeholder research findings

    Media Release17 November 2011 The Financial Markets Authority has published on its website a report written by management consultants Oliver Wyman detailing the findings of local stakeholder research. The research was conducted at the point FMA was established earlier in 2011. The report is based on over 30 interviews and 71 completed surveys with stakeholders across industry, government and other market participants. It outlines stakeholder priorities...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-releases-results-of-stakeholder-research-findings/

    16 November 2011

    FMA consults on auditor licensing and audit firm registration

    Media Release16 November 2011 The Financial Markets Authority has begun consulting with the auditing profession and other interested parties on the implementation of the Auditor Regulation Act, which comes into force on 1 July 2012. FMA has published the first of a series of papers seeking submissions and feedback on the approach to be taken by FMA on setting the standards that will apply to the licensing of auditors and the registration of audit firms....

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-consults-on-auditor-licensing-and-audit-firm-registration/

    11 November 2011

    FMA to consult on the use of alternative performance measures

    Media Release11 November 2011 The Financial Markets Authority (FMA) will issue draft guidance for public consultation in 2012 on the use of alternative performance measures (APMs) by financial markets issuers. "The use of APMs such as 'underlying profit' and 'normalised profit' in public documents including annual reports, market announcements and transaction documents is becoming increasingly common in New Zealand. These measures can provide useful info...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-to-consult-on-the-use-of-alternative-performance-measures/

    28 October 2011

    FMA warns potential property investors with no income to seek legal and financial advice

    Media Release28 October 2011 The Financial Markets Authority is warning potential property investors with no income, who are currently being targeted by advertising to attend property seminars, to seek legal and financial advice. The warning is in response to newspaper advertisements issued recently by Property Tutors Limited inviting investors who have "no or minimal income" to attend seminars with the promise that they will learn "systems" to obtain l...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-warns-potential-property-investors-with-no-income-to-seek-legal-and-financial-advice/

    12 October 2011

    FMA welcomes Financial Markets Conduct Bill

    Media Release12 October 2011 The Financial Markets Authority has welcomed the introduction into Parliament of the Financial Markets Conduct Bill. Chief Executive Sean Hughes said the bill was a fundamental plank in the Government's major regulatory law reform programme. "FMA's resources have been fully occupied in its first six months on the reviews into and investigations of legacy finance company collapses, as well as implementation of financial advise...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-welcomes-financial-markets-conduct-bill/

    30 September 2011

    Canterbury advisers rise to the challenge

    Media Release30 September 2011 76 Canterbury financial advisers have met an extended regulatory deadline to become Authorised Financial Advisers (AFAs). Due to the disruption caused by earthquakes, Canterbury advisers were given until 1 October to be authorised to advise on investment products and offer services such as financial planning. Elsewhere in New Zealand, advisers had a 1 July deadline. 97 Canterbury advisers met the July deadline. FMA Head of...

    https://www.fma.govt.nz/news-and-resources/media-releases/canterbury-advisers-rise-to-the-challenge/

    30 September 2011

    Securities Trustees and Statutory Supervisors Act comes into force

    Media Release30 September 2011 From 1 October, 2011 securities trustees and statutory supervisors will be regulated under new rules overseen by the Financial Markets Authority."Trustees and supervisors play an important role in looking after investors' interests, and it is important that they uphold the highest standards of professionalism and integrity in supervising market participants," said Elaine Campbell, FMA Head of Compliance Monitoring.The Secur...

    https://www.fma.govt.nz/news-and-resources/media-releases/securities-trustees-and-statutory-supervisors-act-comes-into-force/

    13 September 2011

    New Council to support close regulatory cooperation

    Media Release13 September 2011 A new Council of Financial Regulators has been established to foster cooperation between financial and prudential regulators in New Zealand. On 9 September, the Council held its first meeting, chaired on this occasion by Reserve Bank Governor Alan Bollard. The permanent members of the Council are the Bank and the Financial Markets Authority (FMA). Associate members are The Treasury and Ministry of Economic Development. Seni...

    https://www.fma.govt.nz/news-and-resources/media-releases/new-council-to-support-close-regulatory-cooperation/

    12 September 2011

    FMA announces its Enforcement Policy

    The Financial Markets Authority (FMA) has published its Enforcement Policy to assist financial markets participants to have a clearer understanding of FMA's role, functions and priorities.Chairman Simon Allen said today publication of the policy marked a milestone within FMA's first six months as New Zealand's fully-fledged financial services law enforcement body.    "Promoting and facilitating the development of open, efficient and transparent marke...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-announces-its-enforcement-policy/