Page last updated: 09 September 2024

Media releases – 215

For media enquiries, please contact [email protected]

Please note the Media Relations team deals with media queries only. For all other queries, please refer to our Contact page for the appropriate contact details.

For announcements, statements and media releases - Subscribe to our email alerts and updates.

FMA statement on director liability and continuous disclosure

The Financial Markets Authority (FMA) has considered the need for regulatory relief in relation to director liability thresholds, following changes in Australia.

FMA KiwiSaver tracker updated, showing part of COVID-19 impact

The FMA’s online KiwiSaver tracker tool has been updated with the quarterly fund information for March 2020, reflecting the volatility that hit markets in the first quarter of the year. View the latest data in the FMA KiwiSaver tracker tool here.

Rodney McCall (aka Rodney Crichton) pleads guilty to Crimes Act and FMA Act charges

Rodney McCall, also known as Rodney Crichton, has today plead guilty to charges brought by the Financial Markets Authority (FMA).

Court of Appeal rejects sentence appeal by PTT’s Steven Robertson

The Financial Markets Authority (FMA) has welcomed the Court of Appeal’s decision to dismiss a sentence appeal by Steven Robertson, who defrauded victims of $2.1 million through PTT Limited.

FMA files court proceedings against ANZ for false and misleading representations over credit card insurance charges

The Financial Markets Authority (FMA) has filed High Court proceedings against ANZ Bank New Zealand (ANZ), alleging the bank charged some customers for credit card repayment insurance (CCRI) policies that offered those customers no cover.

KiwiSaver investors to see how much they may have in retirement

KiwiSaver investors will see how much money their KiwiSaver investments could provide at age 65 when they open their annual statements this year.

FMA warns financial adviser for advice to clients about COVID-19

FMA has issued a formal warning to a financial adviser who made recommendations to clients that they urgently move their investments to ‘low risk’ funds in the wake of COVID-19. The adviser failed to clarify that the advice may not be suitable for all clients.

FMA reports steady progress on financial advice transitional licensing

Outcome of MBIE/FMA review of funding and levies

MBIE have published the outcome of the review of the FMA’s funding and levies which took place earlier this year.

Campaign to raise scam awareness among Pacific communities as reports rise

The FMA has seen a steady increase in complaints about a variety of scams since the beginning of March. The most reported scam was a cryptocurrency campaign on social media using fake news articles and false celebrity endorsements to promote Bitcoin investments.

FMA and External Reporting Board release review of key audit matters reporting

The Financial Markets Authority (FMA) and External Reporting Board (XRB) have released their second joint review of key audit matters, after audit reporting standards were lifted three years ago.

FMA suspends EncoreFX licence following voluntary administration

FMA has suspended the derivatives issuer licence of EncoreFX (NZ) Limited (EncoreFX) after the business was put into voluntary administration by its Canadian parent.

FMA issues warning to Tiger Brokers and six firms for anti-money laundering breaches

The FMA has issued a formal warning to NZX-accredited broker Tiger Brokers (NZ) Limited for failing to have several adequate anti-money laundering protections in place.

FMA update on COVID-19

The Financial Markets Authority (FMA) is closely monitoring the impact of the coronavirus situation on New Zealand’s financial markets and considering all available options to ensure markets continue to function well and to support participants, customers and investors.

FMA Debate discusses whether passive or active management is best

Leaders from New Zealand’s investment industry gathered in Auckland last night (19 Feb 2020) to debate whether investors benefit more from passive or active fund management, a topic that is dividing the sector.

Looking for information?

Media releases – 215