Media releases – 2017

Robert Gordon Sutherland and Colin Gregory Ryan, who reside in Australia, pleaded guilty to two charges of making an untrue statement in a registered prospectus and one charge of distributing advertisements which included an untrue statement. Read more.

FMA has today welcomed the Commerce Commission's settlement with five companies in relation to the Commission's Credit SaILS investigation, which creates a settlement fund of $60 million to be distributed to investors who lost money when Credit SaILS failed in 2008.

The Receivers and Managers' focus over the first five days of their appointment has been to identify and secure investment assets. After searching the custody accounts identified by Mr Ross and through wider searches in international investment markets, they have so far located investments of only $10.2 million. Read more.

The Financial Markets Authority says it's time for KiwiSaver members to make sure their investment options best suit their future retirement needs.

The Financial Markets Authority has published its final guidance note for people involved with the sale and distribution of KiwiSaver schemes.

The Financial Markets Authority (FMA) has announced the granting of nine licences to Securities Trustees and Statutory Supervisors. The successful licensees are:

The Reserve Bank of New Zealand and the Financial Markets Authority (FMA) have announced that the NZ Clear Settlement System has been declared a designated settlement system under Part 5C of the Reserve Bank of New Zealand Act.