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Media releases – 2019

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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.

FMA acknowledges guilty verdict in Pushpay insider trading case

FMA acknowledges today’s guilty verdict in the criminal trial of an individual accused of insider conduct in relation to the sale of shares in Pushpay Holdings Limited.

Advisory: Financial Services Council conference speech by Clare Bolingford

FMA, Executive Director for Regulatory Delivery, Clare Bolingford spoke to the Financial Services Council annual conference today, on the theme of building consumer confidence.

FMA issues warning to Enprise Group Limited

The Financial Markets Authority (FMA) – has issued Enprise Group Limited (Enprise) a warning for failing to keep proper accounting records.

Financial Market Infrastructures Standards issued

Standards for designated Financial Market Infrastructures (FMIs) have been issued by the Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA), following two rounds of public consultation.

CoFI licensing begins

From today the FMA will begin accepting licensing applications for financial institution licences under the Conduct of Financial Institutions (CoFI) regime.

Forestlands sole director, Rowan Kearns, sentenced for making false statements and financial reporting offences

Rowan Kearns, the founder and sole director of the Forestlands group of companies, was sentenced yesterday to four months’ community detention and 100 hours’ community work with a 9pm – 7am curfew. The sentence follows a prosecution brought by the FMA filed in the Nelson District Court in September 2020.

Highest penalties to date for market manipulation ordered for Oceania Natural Limited defendants

The penalty hearing for the first and second defendants in the Oceania Natural Limited (ONL) proceeding brought by the FMA was heard at the Auckland High Court last Thursday, 13 July.

FMA publishes scenario analysis information sheet for Climate Related Disclosures regime

The FMA has today released its scenario analysis information sheet to help climate reporting entities (CREs) meet their obligations under the Climate-Related Disclosures (CRD) regime.

FMA releases standard condition for consultation to improve operational and cyber resilience

FMA has released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders.

FMA makes permanent stop order against Validus after appeal is dismissed in the High Court

The FMA has made a permanent stop order (Order) that applies to Validus International LLC (Validus), Validus-FZCO, and associated persons of Validus.

FMA publishes updated and refreshed Auditor and Regulation Oversight Plan 2023-2026

The FMA will conduct yearly audit quality reviews (AQR) of every licensed audit firm in a refreshed Auditor and Regulation Oversight Plan 2023-2026.

Tiger Brokers to pay $900,000 penalty for multiple AML/CFT Act breaches

The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), in proceedings brought by the FMA.

NZX meets all its requirements as the market operator – FMA annual review

NZX has complied with its obligations as a market operator, a report by the FMA has found. 

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Media releases – 2019