Media releases

Found 659 results. Displaying page 1 of 44

1. 29 March 2023

   FMA issues formal warning to Vanguard

   We have issued a formal warning to Vanguard Investments Australia Limited (Vanguard), for failing to lodge a required notice on the New Zealand Companies Office Disclose Register.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-issues-formal-warning-to-vanguard/

2. 17 March 2023

   Financial advice regulatory regime - now in full effect

   Financial advice regulatory regime now in full effect and all financial advice providers (FAPs) must hold or operate under a full licence from the FMA if they want to provide regulated financial advice to retail clients.

   https://www.fma.govt.nz/news/all-releases/media-releases/financial-advice-regulatory-regime-now-in-full-effect/

3. Media release

   17 March 2023

   FMA appoints three new Directors within regulatory leadership team

   FMA announces three directors appointed to new roles in the strategic leadership cohort.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-three-new-directors/

4. Media release

   13 March 2023

   FMA appoints Daniel Trinder to new executive leadership team

   The FMA confirmed the appointment of Daniel Trinder, to join its enterprise leadership team as Executive Director – Strategy and Design.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-daniel-trinder/

5. News & Insights

   10 March 2023

   FMA warns Du Val Capital Partners Limited over misleading or deceptive statements to investors in the Du Val Mortgage Fund

   The FMA has warned Du Val Capital Partners Limited (DVCP), the general partner of the Du Val Mortgage Fund Limited Partnership (Du Val Mortgage Fund, MFLP, the Fund) and Du Val Group.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-warns-du-val-capital-partners-limited-over-misleading-or-deceptive-statements-to-investors-in-the-du-val-mortgage-fund/

6. 20 February 2023

   The FMA opens consultation on draft guidance for the intermediated distribution of financial products

   FMA is seeking consultation feedback on proposed guidance that covers arrangements where financial institutions distribute products and services through intermediaries.

   https://www.fma.govt.nz/news/all-releases/media-releases/the-fma-opens-consultation-on-draft-guidance-for-the-intermediated-distribution-of-financial-products/

7. 16 February 2023

   FMA issues interim stop order to Validus and its associated persons

   The Financial Markets Authority has issued an Interim Stop Order (Order) to Validus and Associates (registered in Delaware, USA) pursuant to section 465 of the Financial Markets Conduct Act 2013 (the Act).

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-issues-interim-stop-order-to-validus-and-associates/

8. 15 February 2023

   FMA finalises regulatory return questionnaire for licensed Financial Advice Providers

   Following consultation on the proposed standard licence conditions for all classes of Financial Advice Providers (FAPs), the Financial Markets Authority (FMA) confirmed the information FAPs must provide in their regulatory returns.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-finalises-regulatory-return-questionnaire-for-licensed-financial-advice-providers/

9. 9 February 2023

   Forestlands’ director, Rowan Kearns, pleads guilty to making false statements and charges related to financial reporting

   The Financial Markets Authority today confirmed that Rowan Kearns, the founder and sole director of the Forestlands group of companies, last week pled guilty to charges in criminal proceedings for disclosure and financial record keeping breaches.

   https://www.fma.govt.nz/news/all-releases/media-releases/forestlands-director-rowan-kearns-pleads-guilty-to-making-false-statements-and-charges-related-to-financial-reporting/

10. 31 January 2023

    FMA appoints Sharon Thompson to new executive leadership team

    We have appointed Sharon Thompson to our newly formed enterprise leadership team as Executive Director – Transformation and Operational Delivery.

    https://www.fma.govt.nz/news/all-releases/media-releases/sharon-thompson/

11. 24 January 2023

    FMA publishes 2022 annual report

    Our 2022 annual report details a year that encompassed four main areas of focus for the regulator: monitoring and oversight of financial market participants; preparations for new financial markets legislation; building investor capability; and enforcement activity.

    https://www.fma.govt.nz/news/all-releases/media-releases/2022-annual-report/

12. 19 January 2023

    FMA publishes fund manager risk assessment report

    The FMA has published its Managed Investment Schemes (MIS) Sector Risk Assessment, which analyses key risks in the funds management industry at a sector level.

    https://www.fma.govt.nz/news/all-releases/media-releases/fma-publishes-fund-manager-risk-assessment-report/

13. 18 January 2023

    FMA appoints Stuart Johnson to new Chief Economist role

    We have appointed Stuart Johnson to the newly created role of Chief Economist. Stuart joins the FMA from London, UK, where he has been Head of Behavioural Economics, Conduct Risk and Customer Experience, at major international banking and insurance firms since 2015.

    https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-new-chief-economist/

14. 17 January 2023

    Cigna to pay $3.5 million penalty for making false and misleading representations about customers’ insurance premiums and cover

    Cigna to pay $3.5 million penalty for making false and misleading representations about customers’ insurance premiums.

    https://www.fma.govt.nz/news/all-releases/media-releases/cigna-to-pay-3-5-million-penalty/

15. 22 December 2022

    FMA suspends crowdfunding licence of The Property Crowd

    We have suspended the crowdfunding provider licence of The Property Crowd after the entity materially contravened its licensee obligations.

    https://www.fma.govt.nz/news/all-releases/media-releases/fma-suspends-licence-property-crowd/