Page last updated: 09 September 2024

Media releases – 2017

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FMA publishes first insights report into Discretionary Investment Management Services sector

The FMA today published its first monitoring report of the Discretionary Investment Management Services (DIMS) sector.

FMA publishes research on commercial real estate and the KiwiSaver industry

Research from the FMA has found most KiwiSaver providers are well placed to manage their exposure to the commercial real estate market but more work can be done to mitigate and communicate the risks.

FMA files proceedings against ASB for alleged fair dealing breaches

The FMA has filed civil proceedings against ASB Bank Limited for allegedly making false or misleading representations in relation to insurance products and banking services.

AA Insurance to pay $6.175 million penalty for misleading customers

AA Insurance New Zealand Limited (AAI) has been ordered to pay a penalty of $6.175 million for failing to apply multi-policy and membership discounts, as well as guaranteed no claims bonuses.

FMA appoints Kari Jones as Executive Director Transformation and Operational Delivery

FMA confirmed the appointment of Kari Jones to join the FMA’s executive leadership team as Executive Director for Transformation and Operational Delivery.

FMA files civil proceedings against QEX Logistics Limited and its director, Jingjie Xue

FMA files civil action against QEX Logistics and director Jingjie Xue for failing to file financial statements for 2021–2023 under the FMC Act.

KiwiSaver passes milestone of $100 billion of funds under management

The FMA’s latest KiwiSaver Annual Report for the year to 31 March 2024 shows that KiwiSaver investments are working well for New Zealanders, passing the significant milestone of its first $100 billion of funds under management.

FMA files criminal proceedings against individual for alleged insider trading

The FMA has filed criminal proceedings against an individual for alleged insider trading relating to the buying and selling of shares in Heartland Group Holdings Limited (HGH).

FMA publishes ethical investing disclosure insights update

FMA has published insights from its supervision of funds that claim to have ethical features.

Understanding Artificial Intelligence in Financial Services

FMA published research on the use of Artificial Intelligence (AI) in New Zealand’s financial services sector.

FMA cancels Rockfort Markets’ derivative issuer licence following High Court appeal

FMA has cancelled Rockfort Markets Limited’s (Rockfort) Derivative Issuer (DI) licence. The cancellation took place on 19 July 2024.

FMA cancels Integrity Advisers Insurance Limited’s Financial Advice Provider licence

FMA has cancelled Integrity Advisers Insurance Limited’s (Integrity) Financial Advice Provider (FAP) licence for engaging in serious misconduct.

FMA files criminal charges against former financial adviser

FMA charges ex-financial adviser with theft of $1.7M from clients; funds meant for investment were allegedly used for personal purposes.

CBL managing director Peter Harris ordered to pay $1.4m penalty for fair dealing and continuous disclosure breaches

The High Court has ordered Peter Harris, the former CBL Corporation Limited (In Liquidation) (CBLC) managing director, to pay a penalty of $1.4 million for continuous disclosure and misleading conduct.

FMA statement on Statutory Management for Du Val corporations

FMA confirmed a number of entities within the Du Val group be placed in statutory management under the terms of the Corporations (Investigation and Management) Act 1989 (the Corporations Act).

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Media releases – 2017