Media releases

Found 659 results. Displaying page 4 of 44

1. 8 July 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-margot-gatland-to-head-of-enforcement/

2. 4 July 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/high-court-dismisses-du-val-appeal-against-fma-direction-order/

3. 29 June 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/culture-shift-for-financial-services-as-conduct-of-financial-institutions-bill-passes/

4. 28 June 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-publishes-nzx-obligations-annual-review-2022/

5. 23 June 2022

   Cyber security must be a priority for financial sector, FMA says

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet to help financial services firms enhance the resilience of their technology and operational systems, and meet any relevant licence obligations.

   https://www.fma.govt.nz/news/all-releases/media-releases/cyber-security-must-be-a-priority-for-financial-sector-fma-says/

6. 20 June 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-publishes-auditor-regulation-and-oversight-plan-2022-2025/

7. 16 June 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/new-zealand-investor-confidence-dips-back-to-pre-covid-levels/

8. 14 June 2022

   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).

   https://www.fma.govt.nz/news/all-releases/media-releases/onepath-and-cigna/

9. 26 May 2022

   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.

   https://www.fma.govt.nz/news/all-releases/media-releases/fma-releases-record-keeping-information-sheet-for-financial-advice-providers/

10. 18 May 2022

    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.

    https://www.fma.govt.nz/news/all-releases/media-releases/value-for-money-may-2022/

11. 6 May 2022

    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.

    https://www.fma.govt.nz/news/all-releases/media-releases/stop-order-against-the-one-management-gp-limited/

12. 7 April 2022

    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.

    https://www.fma.govt.nz/news/all-releases/media-releases/enfringement-notice-equitise/

13. 28 March 2022

    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.

    https://www.fma.govt.nz/news/all-releases/media-releases/interim-stop-order-longhorn/

14. 24 March 2022

    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.

    https://www.fma.govt.nz/news/all-releases/media-releases/breaches-relating-to-oceania-natural/

15. 18 March 2022

    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

    https://www.fma.govt.nz/news/all-releases/media-releases/conflict-of-interest-processes/