Page last updated: 09 September 2024

Media releases – 2022

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FMA makes interim stop order and warns public about Wisdom House Investment Partners Limited and Yuen Pok Loo

MEDIA RELEASE issued by the FMA announcing an interim stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok.

Cigna admits making false and misleading representations over its communication of inflation adjustments to insurance cover

Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings.

FMA survey sheds light on New Zealanders’ experiences with financial sector and concepts of fair treatment

Research from the FMA reveals insights into the mindset and motivations of consumers as they manage their money and deal with financial services firms.

FMA issues infringement notice to Alliant Perpetual for late financial statements

FMA issued an infringement notice to Alliant Perpetual (Alliant) for failing to file financial statements by their due date.

FMA review of ethical investing claims in managed funds

A review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance.

FMA opens consultation on standard conditions for financial institution licences

Consultation paper on proposed standard conditions for licences granted under the Financial Markets (Conduct of Institutions) Amendment Act 2022.

FMA censures derivatives issuer Western Union Business Solutions (Australia) Pty Ltd for licence breaches

FMA has censured Western Union Business Solutions (Australia) Pty Ltd for materially contravening key Standard Conditions of its licence.

FMA appoints Margot Gatland to Head of Enforcement

FMA has confirmed the appointment of Margot Gatland as its new Head of Enforcement. Ms Gatland was previously the Acting Head of Enforcement at the FMA.

High Court dismisses Du Val appeal against FMA direction order

A High Court ruling upheld an FMA direction order against property development and investment company Du Val, dismissing grounds for appeal.

Culture shift for financial services as Conduct of Financial Institutions Bill passes

The Financial Markets (Conduct of Institutions) Amendment Bill, has been passed in Parliament.

FMA publishes NZX obligations annual review 2022

Key findings of the Financial Markets Authority’s (FMA) - Te Mana Tātai Hokohoko annual NZX Market Operator Obligations Review, which reports on how well NZX is meeting the requirements for its market operator licence. The most recent report covers the period 1 January to 31 December 2021.

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