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Media releases – 2011

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FMA reinforces importance of cyber-resilience for financial service providers

The FMA is reminding licensed financial service providers about the importance of cyber-resilience as part of Cyber Smart Week 2023.

Vero to pay $3.9 million penalty for making false and misleading representations to customers about multi-policy discounts

The Auckland High Court has ordered Vero to pay a penalty of $3.9 million for failing to apply multi-policy discounts to customers, following proceedings brought by the FMA.

Kiwibank to pay $812,500 penalty for making false and misleading representations to customers

Kiwibank has been ordered to pay a $812,500 civil penalty at the High Court in Wellington for making false and/or misleading representations to some customers.

FMA report: Lessons learned from Barry Kloogh Ponzi

The FMA published a report on the findings of its inquiries following the Barry Kloogh fraud. These inquiries focused on the services provided to Kloogh by third party market participants.

FMA publishes final Climate Related Disclosures regime record keeping guidance

Media release from the FMA announcing release of final guidance for Climate Reporting Entities (CREs) on meeting their record keeping obligations.

FMA consults on proposed liquidity risk management guidance

FMA has released proposed guidance for Managed Investment Scheme (MIS) managers and their supervisors for effective liquidity risk management (LRM).

New Zealand and UK audit authorities agree mutual recognition of audit qualifications

New Zealand and the UK have signed a Memorandum of Understanding on Reciprocal Arrangements (MOURA) to recognise audit qualifications in both the UK and NZ so that auditors can more easily work between both countries.

KiwiSaver holds firm through volatility and reaches $94BN in March 2023

The FMA’s latest KiwiSaver Annual report for the year to 31 March shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, by $4 billion, due to contributions of $10.5bn from members, employers, and government.

Yuen Pok (Paul) Loo pleads guilty to forgery and financial markets legislation offences

The FMA can confirm that Yuen Pok (Paul) Loo has pleaded guilty to several criminal charges at the Manukau District Court on Friday.

RBNZ and FMA Governance Thematic Review outlines good practices and areas for improvement

A cross-sector thematic review of regulated entities’ governance practices by the Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) has highlighted the need for boards to be focused on continuous improvement to ensure future success.

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Media releases – 2011

FMA reinforces importance of cyber-resilience for financial service providers

Vero to pay $3.9 million penalty for making false and misleading representations to customers about multi-policy discounts

Kiwibank to pay $812,500 penalty for making false and misleading representations to customers

FMA report: Lessons learned from Barry Kloogh Ponzi

FMA publishes final Climate Related Disclosures regime record keeping guidance

FMA consults on proposed liquidity risk management guidance

New Zealand and UK audit authorities agree mutual recognition of audit qualifications

KiwiSaver holds firm through volatility and reaches $94BN in March 2023

Yuen Pok (Paul) Loo pleads guilty to forgery and financial markets legislation offences

RBNZ and FMA Governance Thematic Review outlines good practices and areas for improvement

FMA acknowledges guilty verdict in Pushpay insider trading case

Advisory: Financial Services Council conference speech by Clare Bolingford

FMA issues warning to Enprise Group Limited

Financial Market Infrastructures Standards issued

CoFI licensing begins