Page last updated: 09 September 2024

Media releases – 2019

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FMA finds continuous improvements to audit quality and warns against complacency

Media release from the FMA announcing release of 2023 Audit Quality Monitoring Report.

FMA opens consultation on fair outcomes for consumers and markets

FMA has opened consultation on its approach to outcomes focused regulation, including the fair outcomes for consumers and markets it wants to see financial service providers focus on. The FMA welcomes feedback from all its stakeholders. 

FMA encourages New Zealanders to be aware of investment scams

The FMA is reminding New Zealanders to remain vigilant to investment scams as part of Fraud Awareness Week 2023.

FMA makes interim stop order against David McEwen and entities associated with him

The FMA has made an interim stop order against David Elgar McEwen and entities associated with him.

FMA acknowledges insider trading sentence

The individual found guilty of insider conduct in relation to the sale of shares in Pushpay Holdings Limited (NZX:PPH) has been sentenced to six months community detention and must pay a fine of $100,000.

CTRL Investments Limited issued infringement notice for late financial statements

The FMA has issued an infringement notice to derivatives issuer EC Markets Financial Limited (previously known as CTRL Investments Limited or CTRL) for failing to file financial statements by the due date.

Former financial adviser pleads guilty to dishonesty offences

The FMA charged a former financial adviser with multiple dishonesty offences following an investigation into her conduct.

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.

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Media releases – 2019