Media releases – 2014

The FMA has issued warnings to four registered financial advisers in relation to providing advice on replacement insurance policies, for breaches of the obligation in section 33 of the Financial Advisers Act 2008 to exercise care, diligence and skill.

FMA issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act).

FMA has filed criminal charges against a company and its New Zealand-based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act).

FMA is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice).

The Oscar-nominated documentary Abacus: Small Enough to Jail is just one of the highlights of the second New Zealand International Fraud Film Festival taking place in Auckland on Friday the 2nd and Saturday the 3rd of March.

The Financial Markets Authority (FMA) has today published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia.

The External Reporting Board (XRB) and Financial Markets Authority (FMA) have published the results of their joint analysis of Key audit matters – A stock-take of the first year in New Zealand.