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Media releases – 2010

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FMA releases standard condition for consultation to improve operational and cyber resilience

FMA has released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders.

FMA makes permanent stop order against Validus after appeal is dismissed in the High Court

The FMA has made a permanent stop order (Order) that applies to Validus International LLC (Validus), Validus-FZCO, and associated persons of Validus.

FMA publishes updated and refreshed Auditor and Regulation Oversight Plan 2023-2026

The FMA will conduct yearly audit quality reviews (AQR) of every licensed audit firm in a refreshed Auditor and Regulation Oversight Plan 2023-2026.

Tiger Brokers to pay $900,000 penalty for multiple AML/CFT Act breaches

The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), in proceedings brought by the FMA.

NZX meets all its requirements as the market operator – FMA annual review

NZX has complied with its obligations as a market operator, a report by the FMA has found. 

FMA publishes final guidance for the intermediated distribution of financial products

The FMA today published its final guidance for financial institutions that distribute products and services through intermediaries as part of the Conduct of Financial Institutions (CoFI) regime.

FMA publishes Climate Related Disclosure record keeping draft guidance for consultation

The FMA has published three documents to support Climate Reporting Entities (CREs) in meeting their obligations under the new Climate Related Disclosure (CRD) reporting requirements.

FMA warns New Zealanders of comparison website harvesting investor details

FMA is urging New Zealanders to exercise extreme caution when dealing with a phony interest rates comparison website. The FMA believes the website is harvesting users’ personal information for criminals to sell fake investments.

FMA reaches agreement with CBL Corporation and four independent directors on continuous disclosure breaches

FMA has reached agreement with CBL Corporation Limited (In Liquidation) (CBLC) and four of its former directors in respect of the FMA's claims of continuous disclosure breaches and misleading conduct.

FMA files proceedings against AA Insurance for alleged fair dealing breaches

FMA has filed civil proceedings against AA Insurance Limited (AAI) for failing to apply multi policy and membership discounts, as well as guaranteed no claims bonuses to eligible customers’ premiums,

FMA files proceedings against Medical Assurance Society over fair dealing provision breaches

FMA has filed High Court proceedings against Medical Assurance Society New Zealand Limited (MAS) and its subsidiaries for fair dealing breaches under section 22 of the Financial Markets Conduct Act 2013 (FMC Act).

FMA files criminal charges against Yuen Pok (Paul) Loo

FMA has filed criminal charges against Yuen Pok (Paul) Loo following offences under financial markets legislation.

FMA censures Aurora Financial Group Limited for misleading clients

FMA has censured Aurora Financial Group Limited (Aurora Financial) for misleading existing and potential clients about KiwiSaver returns.

FMA letter to NZ registered banks: Treating consumers fairly – creating the right incentives

Letter sent from by the FMA to Chief Executives of New Zealand registered banks in April 2023.

Two individuals found to have breached market manipulation prohibitions and disclosure obligations

Media release announcing High Court judgment in relation to FMA vs Wei (Walker) Zhong and Lei (Regina) Ding market manipulation of Oceania Natural Limited (ONL) shares trading.

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Media releases – 2010