Page last updated: 09 September 2024

Media releases – 2020

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FMCA licensing hits the home straight

The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game.

Changes recommended to the FAA and FSPR are good for consumers

The Financial Markets Authority welcomes the Minister of Commerce and Consumer Affairs, Paul Goldsmith’s recommendations on changes to two significant pieces of legislation for NZ’s financial markets.

KiwiSaver annual statements are being read but not acted upon

The Financial Markets Authority has released the results of a survey conducted in May this year, to coincide with the time when most KiwiSaver investors are receiving their annual statements. The survey was responded to by 1,313 KiwiSaver investors, two thirds of the total sample.

FMA and SFO investigate Mr Paul Clifford Hibbs and Hansa Limited

Code Committee Members Reappointed

The Financial Markets Authority has announced the reappointment of two members of the Code Committee. The Committee was established in July 2009 to draft a code of Professional Conduct for Authorised Financial Advisers (AFAs).

FMA releases report into insurance sales and advice: Insurance replacement business - who benefits?

The Financial Markets Authority is calling for cooperation from the life insurance industry and financial advisers to address the potential harms to consumers from the relatively high levels of switching of existing insurance policies.

FMA reports on NZX’s regulatory framework

The Financial Markets Authority has released its latest annual review of NZX and reports that it is meeting its statutory obligations as a market operator and frontline regulator of those markets.

SPGI Director sentenced today

SPGI director Mark Andrew Turnock has today been sentenced in the Auckland High Court to four months home detention and 200 hours of community work. Read more.

FMA releases Auditor regulation and oversight plan

The FMA has released its auditor regulation and oversight plan for 2016. The FMA’s plan sets out the new style of audit report issued by the External Reporting Board, intended to provide better information to investors.

Investigation into Morgan Cooper Limited

The Financial Markets Authority (FMA) is investigating a complaint received in relation to Morgan Cooper Limited (MCL) and a Mr Rodney McCall (aka Rodney Crichton) for potential contraventions of financial markets legislation.

FMA orders Cambrian to change misleading materials

The FMA has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services.

Licensing obligations for property investment schemes imminent

The FMA is putting the call out to businesses of all sizes providing property investment schemes or property syndication funds to get licensed now.

Market wobbles dent confidence but investors are positive about regulation

The results of the 2016 annual survey into New Zealanders’ attitudes to financial markets have been released.

FMA issues formal warning to Craigs

The Financial Markets Authority (FMA) has today issued a formal warning to Craigs Investment Partners Limited (Craigs) under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act).

Cross-border trade agreement means more investment choices for New Zealanders

New Zealand investors will benefit from more competition for their investment dollar and more choice of investment options as a result of the international agreement signed.

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Media releases – 2020