Page last updated: 23 April 2024

News & Insights

FMA provides additional support to smaller firms for CoFI licensing
The FMA has today published an information sheet specifically for smaller firms to assist in establishing and maintaining a Fair Conduct Programme (FC ...
FMA files civil proceedings against Booster Investment Management Ltd and individual directors and senior managers
The FMA has filed civil proceedings against Booster Investment Management Limited (BIML), a wholly owned subsidiary of Booster Financial Services Limi ...
FMA opens consultation on proposed standard conditions for Derivatives Issuers
The FMA is seeking feedback on potential changes to the standard conditions imposed on Derivative Issuer (DI) licences. The changes relate to leverage ...
Statement regarding adjournment of FMA’s IPO proceeding against CBLC, Peter Harris, Alistair Hutchison and Carden Mulholland
The FMA acknowledges the High Court’s decision to adjourn the trial for the FMA’s Initial Public Offer (IPO) proceeding against CBLC (in liquidati ...
FMA cancels Stockfox Limited’s FAP licence
The FMA has cancelled Stockfox Limited’s (Stockfox) Financial Advice Provider (FAP) licence with effect from 30 May 2024.
Financial Advice Provider Monitoring Insights
Findings from the FMA’s supervision activities and monitoring of Class 1 and 2 licensed financial advice providers
FMA publishes first monitoring insights report into Financial Advice Providers
The FMA today published its first monitoring report of the new financial advice regime. The report shows how a range of Financial Advice Providers (FA ...
Matthew Hill to pay $100,000 penalty for breaching financial markets legislation
The High Court has imposed a pecuniary penalty of $100,000 against Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisma ...
Consultation: Class exemption renewal for disclosure of relevant interests by directors and senior managers, and NZCDC Settlement System
Have your say on the renewal of exemptions for disclosures of relevant interests by directors and senior managers, and in relation to NZCDC Settlement ...
FMA files civil proceeding against individual for making alleged false or misleading representations and other breaches
The FMA has filed civil proceedings against Rangi Wyatt Stephen Savage for making an unregulated public offer for the sale of shares in The Powder She ...
New AML/CFT regulations – joint statement by AML/CFT Supervisors on supervisory approach
The Department of Internal Affairs, the Financial Markets Authority and the Reserve Bank of New Zealand (‘the Supervisors’) welcome the changes to ...
Money with Mary
In our series “Money with Mary,” personal finance legend Mary Holm shares practical tips on a variety of money matters.