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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 21 of 24

    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...


    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....


    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    Media Release11 November 2011 The Financial Markets Authority (FMA) will issue draft guidance for public consultation in 2012 on the use of alternative performance measures (APMs) by financial markets issuers.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...


    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...


    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...


    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...


    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...


    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...


    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...


    1 September 2011

    Identity verification - Code of Practice

    Media Release1 September 2011 Customers of financial institutions and casinos can expect more stringent identity checks in the lead up to 30 June 2013 when anti-money laundering legislation comes fully into force. Businesses now have access to guidance on the standard those identity checks should meet. The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 places obligations on New Zealand's financial institutions and casinos to detect...


    25 August 2011

    FMA begins adviser monitoring visits

    Media Release25 August 2011 FMA will next week begin making visits to Authorised Financial Advisers (AFAs) as it steps up its monitoring activities under the Financial Advisers Act. FMA Head of Primary Regulatory Operations, Sue Brown said monitoring was an important part of the new professional era, enabling FMA to check that standards are being met. "We expect that in most cases we will simply be helping advisers refine what are already sound practice...


    24 August 2011

    FMA reminds Red Zone homeowners about new advice rules

    Media Release24 August 2011 The Financial Markets Authority is reminding Canterbury residential Red Zone homeowners seeking financial advice about payout offers to check they're dealing with registered professionals. FMA Chief Executive Sean Hughes said many people will be seeking information and advice about how to afford a new property, insurance cover options or options such as investing a payout amount and renting instead. "CERA has already provided...


    16 August 2011

    Nationwide anti-money laundering seminars help businesses prepare for new law

    Media Release16 August 2011 Financial service businesses will be learning about the need to tighten up customer identification processes and look out for suspicious financial transactions in a series of seminars around the country that started in Wellington on Monday. The Financial Markets Authority, Department of Internal Affairs, and the Police Financial Intelligence Unit are running the seminars to help business start preparing for a new Anti-Money La...


    15 August 2011

    FMA orders Share Buyers Limited to include warning

    Media Release15 August 2011 The Financial Markets Authority (FMA) has today ordered Share Buyers Limited (Share Buyers) and associated persons to include a warning from FMA in a prominent position at the beginning of any document making an unsolicited offer to buy shares or other securities. The order requires that: any offer document containing an unsolicited offer from Share Buyers or any associated persons must contain, at the beginning of that offer...


    10 August 2011

    FMA makes three further leadership team appointments; announces Auckland location

    Media Release10 August 2011 The Financial Markets Authority has made three further appointments to its strategic leadership team under Chief Executive Sean Hughes, and announced its new Auckland office premises. FMA has taken a seven-year lease of level 5, East Building, 52-70 Galway Street, Britomart, which has capacity for more than 50 staff. "We are very pleased to have secured such a well-appointed and central CBD office location which has the capaci...


    9 August 2011

    FMA announces appointment and reappointments to Code Committee

    Media Release9 August 2011 The Board of the Financial Markets Authority has appointed Dimity Kingsford-Smith, a Professor of Law at the University of New South Wales, to the Code Committee for Authorised Financial Advisers for a term of three years. FMA CEO Sean Hughes said Professor Kingsford-Smith's experience and expertise would be invaluable to the committee. "I am very pleased Professor Kingsford-Smith has agreed to join the committee," Mr Hughes sa...


    3 August 2011

    FMA completes NZX inquiry

    Media Release3 August 2011 FMA has completed its inquiry into continuous disclosure issues in relation to comments made by Mr Mark Weldon, CEO of NZX Ltd, concerning the carrying value of its subsidiary Clear Grain Exchange. FMA has considered responses from Mr Andrew Harmos, Chairman of NZX, and a NZX market announcement of 18 July 2011 as to the value of Clear Grain Exchange. FMA is now satisfied that NZX is not in breach of its continuous disclosure o...