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Media releases – 2019

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FMA welcomes ruling on asset preservation orders

The Court of Appeal has dismissed an appeal by the trustees of the KA3 and KA4 trusts on interim asset preservation orders obtained by FMA. Read more.

New Chair for Financial Adviser Code Committee

The Code Committee for Authorised Financial Advisers (AFAs) has elected David Ireland as Chair for the next 12 months.

FMA welcomes National Finance guilty verdict

Ms Braithwaite was found guilty on one charge of making untrue statements in a prospectus for National Finance 2000 Ltd. Read more.

FMA action to recover $25 million in related party loans

FMA confirmed its continued engagement with Perpetual Trust Limited to recover $25 million in related party loans made by Perpetual Cash Management Fund. Read more.

Trans-Tasman mutual recognition of financial advisers announced

The Australian Securities & Investments Commission (ASIC) and New Zealand's Financial Markets Authority (FMA) have announced mutual recognition arrangements for Australian and New Zealand financial advisers.

FMA consults on guidance on KiwiSaver sales and distribution

The Financial Markets Authority is consulting on draft guidance for people involved with the sale and distribution of KiwiSaver schemes.

FMA releases final guidance on Effective Disclosure

The Financial Markets Authority (FMA) has released its final guidance note for issuers, directors and advisers on Effective Disclosure.

FMA releases KiwiSaver performance fees guidance note

The Financial Markets Authority (FMA) has today released a final version of its guidance note on KiwiSaver performance fees.

FMA welcomes Belgrave Finance guilty plea

Shane Joseph Buckley, a director of failed finance company Belgrave Finance Limited (In receivership and In liquidation), pleaded guilty to 25 charges under the Securities Act, Crimes Act, and the Companies Act. Read more.

FMA consultation on disclosure of non-GAAP financial information

The Financial Markets Authority has today published draft guidance for public consultation on the disclosure of non-GAAP financial information.

FMA welcomes Petricevic sentencing

Mr Petricevic sentenced to six and a half years imprisonment. Read more.

Court supports FMA adviser decision

The Wellington District Court has dismissed an appeal by Sean Wood against a Financial Markets Authority decision to decline his application for authorisation as an Authorised Financial Adviser (AFA). Read more.

FMA welcomes ruling on Hotchin asset preservation orders

The CoA has dismissed an appeal by former Hanover director Mark Hotchin on asset preservation orders obtained by the FMA. Read more.

FMA calls for submissions on exemption reviews

The Financial Markets Authority is seeking submissions from market participants, investors, representatives and advisers on review of 44 class exemption notices due to expire later this year.

FMA publishes revised draft guidance on effective disclosure

The Financial Markets Authority has published their revised draft guidance note for issuers, directors and advisers on preparation of effective disclosure documents.

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Media releases – 2019