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Media releases – 2019

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FMA publishes Auditor Regulation and Oversight Plan 2022-2025

The Auditor Regulation and Oversight Plan 2022-2025 plan sets out how the FMA aims to improve the audit quality of Financial Markets Conduct reporting entities.

New Zealand investor confidence dips back to pre-COVID levels

Confidence in New Zealand’s financial markets has slipped back in the past 12 months, after last year’s record score, but overall, two-thirds of investors remain confident.

OnePath and Cigna admit to fair dealing breaches for credit card repayment insurance

OnePath Life (NZ) Limited and Cigna Life Insurance New Zealand Limited will jointly pay $180,000 to the FMA after admitting liability for breaching the fair dealing provisions of the Financial Markets Conduct Act 2013 (FMCA).

FMA releases record keeping information sheet for financial advice providers

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet for financial advice providers (FAPs) about how they can demonstrate compliance with record keeping obligations.

Fund managers’ inconsistent performance measurement and cost of fees reduces benefits to investors

The managers of New Zealand managed investment schemes (MIS or KiwiSaver/fund managers) are showing repeatable performance, relative to appropriate market indices. However, the benefits of their skill to investors in some funds is reduced by fees, and the costs of commission paid by managers to third parties.

FMA issues stop order against The One Management GP Limited

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today confirmed it has made a stop order against The One Management GP Limited regarding an offer in relation to The One Property LP¹ (the Fund), which is only available to wholesale investors, including eligible investors.

FMA issues new infringement notice against crowdfunding platform Equitise

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued another infringement notice to Equitise Pty Ltd for failing to file financial statements on time, amid broader concerns about the firm’s ability to meet regulatory reporting deadlines.

FMA issues interim stop order to The One in Longhorn Partnership Fund

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today issued an interim stop order to The One Management GP Limited and James Law Realty regarding an offer in relation to The One in Longhorn Partnership Fund (‘the Fund’), which is only open to wholesale investors, including eligible investors.

Two individuals to pay penalties for market manipulation and disclosure breaches relating to Oceania Natural

Zhongyang (Sean) Meng and Jiashun (Sam) Qian have been ordered to pay pecuniary penalties of $180,000 and $130,000 respectively for market manipulation and disclosure breaches involving Oceania Natural Limited (ONL) shares.

FMA comments on conflict of interest processes

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko today welcomed an independent review into the advice provided to the Minister of Commerce and Consumer Affairs in relation to the appointment of default KiwiSaver providers in 2021. This media release serves as comment about our conflict of interest processes

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Media releases – 2019

FMA publishes Auditor Regulation and Oversight Plan 2022-2025

New Zealand investor confidence dips back to pre-COVID levels

OnePath and Cigna admit to fair dealing breaches for credit card repayment insurance

FMA releases record keeping information sheet for financial advice providers

Fund managers’ inconsistent performance measurement and cost of fees reduces benefits to investors

FMA issues stop order against The One Management GP Limited

FMA issues new infringement notice against crowdfunding platform Equitise

FMA issues interim stop order to The One in Longhorn Partnership Fund

Two individuals to pay penalties for market manipulation and disclosure breaches relating to Oceania Natural

FMA comments on conflict of interest processes

FMA directs Simplicity to remove misleading advertising and improve compliance processes

FMA censures CTRL Investments for derivatives issuer licence breaches

FMA files court proceedings alleging insider trading relating to the sale of Pushpay shares

FMA publishes 2021 annual report

First ‘investment passport’ under the ARFP granted to NZ fund manager