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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 480 results. Displaying page 23 of 24

    5 May 2011

    Warning: Think Before Signing Away 'Mum and Dad' Investor Rights

    Media Release5 May 2011 The Financial Markets Authority is warning investors against being classified as wholesale investors and losing retail 'mum and dad' investor rights and protections. FMA's priority is increasing investor confidence in capital markets and increased protections are being phased in (by 1 July 2011) for retail investors. These include advisers being subject to professional conduct standards and disclosure requirements, and investors h...

    https://www.fma.govt.nz/news-and-resources/media-releases/warning-think-before-signing-away-mum-and-dad-investor-rights/

    2 May 2011

    FMA Issues Whimp Warning

    2 May 2011 The Financial Markets Authority (FMA) has today issued a warning about unsolicited offers that may be made by Mr Bernard Whimp and entities associated with him. Shareholders are warned to treat any such offer with great caution and to seek advice from a registered financial adviser, lawyer, accountant, Community Law Centre or Citizen's Advice Bureau. FMA has today given notice to Mr Whimp, and a number of limited partnerships associated with h...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-issues-whimp-warning/

    1 May 2011

    Financial Markets Authority Aims to Restore Investor Confidence

    Media Release1 May 2011 Restoring investor confidence in New Zealand's financial markets is the major goal of the new Financial Markets Authority which was formally established today. FMA chairman, Simon Allen, said New Zealand's economic prospects depended on lifting international and domestic investor confidence in the country's capital markets. "Broadening and deepening our financial markets to ensure local businesses have access to the capital they n...

    https://www.fma.govt.nz/news-and-resources/media-releases/financial-markets-authority-aims-to-restore-investor-confidence/

    21 April 2011

    Disciplinary Committee Ready to Conduct Financial Adviser Disciplinary Proceedings

    (Media releases from the Securities Commission)21 April 2011 Departing Commissioner for Financial Advisers, David Mayhew, has completed his final statutory role as Chair of the Financial Advisers Disciplinary Committee chairing its first meeting, where the committee approved its rules and procedures for operation. The Committee was appointed by the Minister of Commerce to conduct disciplinary proceedings arising from complaints about alleged breaches of...

    https://www.fma.govt.nz/news-and-resources/media-releases/disciplinary-committee-ready-to-conduct-financial-adviser-disciplinary-proceedings/

    31 March 2011

    D-day for Financial Advisers

    (Media releases from the Securities Commission)31 March 2011 From 1 April, all financial advisers, or the companies they work for, have to be registered on the online Financial Service Providers Register, www.fspr.govt.nz. Advisers who should be on the register, but aren't risk hefty penalties. Securities Commission Director of Financial Adviser Regulation, Mel Hewitson says that from tomorrow [1 April] investors should deal only with registered advisers...

    https://www.fma.govt.nz/news-and-resources/media-releases/d-day-for-financial-advisers/

    29 March 2011

    Commission Releases Risk Assessment for Sector

    (Media releases from the Securities Commission)29 March 2011 The Securities Commission today released a risk assessment to help those it is responsible for supervising prepare to meet upcoming requirements of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009. Under the legislation, due to come fully into force in 2013, the Commission will supervise issuers of securities, sharebrokers, financial advisers, trustee corporations, c...

    https://www.fma.govt.nz/news-and-resources/media-releases/commission-releases-risk-assessment-for-sector/

    14 March 2011

    First QFEs Granted

    (Media releases from the Securities Commission)14 March 2011 The first Qualifying Financial Entities (QFEs) licences have been granted today signalling the next step in the implementation of the new financial advisers regulatory regime. Securities Commission Director of Financial Adviser Regulation, Mel Hewitson, says the Commission has been processing applications from around 80 organisations and the majority of licences will be granted by 1 April. Appl...

    https://www.fma.govt.nz/news-and-resources/media-releases/first-qfes-granted/

    22 December 2010

    New Conditions for Qualifying Financial Entities

    (Media releases from the Securities Commission)22 December 2010 The Securities Commission has published the standard conditions Qualifying Financial Entities (QFEs) will need to abide by when their employees and representatives give financial advice. As the new regulatory regime for financial advisers takes effect over the next six months many entities will become QFEs, including large institutions such as banks and insurance companies. "Under the new re...

    https://www.fma.govt.nz/news-and-resources/media-releases/new-conditions-for-qualifying-financial-entities/

    21 December 2010

    Review Highlights Need for Better Valuation Disclosure (Dec-2010)

    (Media releases from the Securities Commission)21 December 2010 Securities issuers need to include more information on how their financial assets and liabilities have been valued, says Securities Commission Chairman Jane Diplock. Ms Diplock was commenting on findings from the latest review in the Commission's ongoing financial reporting surveillance programme, which aims to improve the credibility of financial reports and which looked closely at disclosu...

    https://www.fma.govt.nz/news-and-resources/media-releases/review-highlights-need-for-better-valuation-disclosure-dec-2010/

    3 December 2010

    Commission Releases Information on Finance Company Investigations

    (Media releases from the Securities Commission)3 December 2010 The Securities Commission today released information about the status of its investigations into 50 failed finance companies. It has completed 26 finance company investigations and is continuing with 24. Criminal charges have been laid against 35 directors or officers of 14 finance companies. The charges have been laid by the Commission or, following referral by the Commission, by the Nationa...

    https://www.fma.govt.nz/news-and-resources/media-releases/commission-releases-information-on-finance-company-investigations/

    1 December 2010

    Financial Advisers Regulatory Regime Comes Into Force

    (Media releases from the Securities Commission)1 December 2010 The new regulatory regime for financial advisers begins today, with the first Authorised Financial Advisers receiving their certificates of authorisation at a ceremony in Auckland from Commissioner for Financial Advisers, David Mayhew. The regulatory regime will be phased in between today and 1 July 2011. David Mayhew congratulated the new Authorised Financial Advisers (AFAs) for their commit...

    https://www.fma.govt.nz/news-and-resources/media-releases/financial-advisers-regulatory-regime-comes-into-force/

    18 November 2010

    Commission Lays Criminal Charges Against Huljich

    (Media releases from the Securities Commission)18 November 2010 The Securities Commission confirms that it has laid criminal charges against Huljich Wealth Management (New Zealand) Limited and director Peter Huljich. The charges relate to the Huljich KiwiSaver Scheme for which Huljich Wealth Management and Peter Huljich are promoters. The Commission alleges Peter Huljich and Huljich Wealth Management misled prospective investors by misrepresenting the in...

    https://www.fma.govt.nz/news-and-resources/media-releases/commission-lays-criminal-charges-against-huljich/

    16 November 2010

    Commission's Review Highlights Continuing Need for Greater Transparency

    (Media releases from the Securities Commission)16 November 2010 The Securities Commission's latest review of financial reporting standards continues to highlight the need for a greater focus on transparency. "Ensuring stakeholders and investors are fully informed about all areas of their investment is vital, and issuers must ensure they provide clear, concise and transparent financial statements which are easily understood," says Securities Commission...

    https://www.fma.govt.nz/news-and-resources/media-releases/commissions-review-highlights-continuing-need-for-greater-transparency/