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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 505 results. Displaying page 24 of 26

    10 June 2011

    FMA welcomes discussion document on funding

    Media Release10 June 2011 The Financial Markets Authority has welcomed the Government's release of a discussion document on third party funding options for financial regulation.Chief Executive Sean Hughes says with budgets now established, the discussion document provides an important opportunity for all market participants to contribute their views on the best options for collection of levies to fund FMA'...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-welcomes-discussion-document-on-funding/

    9 June 2011

    FMA warns of unacceptable KiwiSaver sales practices

    Media Release9 June 2011 The Financial Markets Authority is urging investors to be wary of unacceptable sales practices being used in selling some KiwiSaver schemes. After receiving complaints, FMA has taken steps to stop unregistered KiwiSaver sales representative Patrick Diack from engaging in illegal sales activities. Mr Diack has been a sales representative for several KiwiSaver schemes, most recently...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-warns-of-unacceptable-kiwisaver-sales-practices/

    24 May 2011

    Incomplete Applications Slow AFA Approvals

    Media Release24 May 2011 Up to 700 financial advisers may have to stop giving advice on KiwiSaver, managed funds and other investment products on 1 July because they haven't completed the qualifications needed to be an Authorised Financial Adviser (AFA). From 1 July 2011, financial adviser regulations come into full effect, making it an offence for unlicensed financial advisers to provide retail clients wi...

    https://www.fma.govt.nz/news-and-resources/media-releases/incomplete-applications-slow-afa-approvals/

    19 May 2011

    Relief from Disclosure of Changes to KiwiSaver

    Media Release19 May 2011 Changes to KiwiSaver in today's Budget Bill may be material to decisions about whether to invest in a KiwiSaver scheme. The Budget Bill includes a transitional provision for securities law disclosure that means KiwiSaver providers can keep their schemes open and have a reasonable period to amend their offer documents. In the meantime FMA expects KiwiSaver providers to take all prac...

    https://www.fma.govt.nz/news-and-resources/media-releases/relief-from-disclosure-of-changes-to-kiwisaver/

    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 stand...

    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...

    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 l...

    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 a...

    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] in...

    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, sharebro...

    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 majo...

    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...

    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 finan...

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