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Media releases – 2010

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FMA commentary on ICOs and cryptocurrencies

Investors must understand the risks involved with cryptocurrencies and associated services before they invest. Read more.

The FMA and ASIC confirm trans-Tasman collaborative approach to fintech

The Financial Markets Authority (FMA) and the Australian Securities and Investment Commission (ASIC) have reaffirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation.

FMA allows personalised robo-advice; applications open early 2018

The Financial Markets Authority (FMA) has decided to grant an exemption to enable personalised robo-advice and is publishing the responses to its earlier consultation. Read more.

Bank Bill Benchmark Rate guidance and overview published by FMA

The Financial Markets Authority (FMA) published today guidance on conduct and expected controls in relation to trading that sets the Bank Bill Benchmark Rate (BKBM) and closing rates. Alongside this, the FMA is also publishing an overview of BKBM and benchmarks, their purpose and how they are regulated.

FMA files insider trading charges

The FMA has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. Read more.

KiwiSaver continues to grow - FMA continues to push providers on customer engagement

The FMA’s annual KiwiSaver report based on returns as at 31 March 2017 shows total assets were up $7 billion from $33.8 billion in 2016. Investment returns of $2.7 billion were more than double those of 2016, and are close to the previous record $3 billion, reported in 2015.

FMA welcomes World Investor Week and urges investors to use a licensed provider

The FMA is urging investors to become familiar with some home truths about the risks of investing with offshore, unlicensed providers as part of the first ever World Investor Week (2-8 October).

FMA publishes annual report 2017

The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment.

FMA toughens approach to misuse of FSPR

The Financial Markets Authority’s report on the Financial Service Providers Register (FSPR) sets out its work to prevent the misuse of the FSPR between 2014 and 2017.

Prince & Partners admits failings as Viaduct Trustee, FMA recovers $4.5 million

Prince and Partners Trustee Company has admitted a series of failings in its role as trustee of Viaduct, a finance company that went into receivership in 2010. The civil proceedings brought by the FMA against Prince have been settled for $4.5 million. Read more.

FMA publishes annual corporate plan

The Financial Markets Authority is publishing its annual corporate plan for the first time, setting out its planned regulatory activities and key areas of focus to June 2018.

Not all bonds are equal – FMA survey

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that most funds invest in bonds.

Update for Forestlands investors 07/08/17

The Overseas Investment Office has recently published the sale price received by Forestlands as $23,500,000. Read more.

Judgment confirmed in the FMA v Warminger as appeals withdrawn

Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal.

Consumers tell FMA about financial providers’ conduct

The FMA has completed its first survey of consumers’ experience of conduct. It follows the publication of the FMA’s guide to its view of conduct earlier this year. This focused on the ‘five Cs for good conduct’: capability, conflict, culture, controls and communication.

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Media releases – 2010