Media releases

Found 43 results. Displaying page 2 of 3

1. 25 November 2021

   Change to FMA Executive Committee

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – announced in a media release today that its Director of Capital Markets, Sarah Vrede, had resigned. The FMA’s Director Investment Management, Paul Gregory, had been appointed Acting Director of Capital Markets, effective from 29 November 2021.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/change-to-fma-executive-committee/

2. 17 November 2021

   New self-assessment tools aim to boost success of financial advice providers

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released three new self-assessment tools to help financial advice providers (FAPs) prepare for full licensing.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/financial-advice-providers-full-licensing-tools/

3. 17 November 2021

   FMA publishes implementation approach for climate-related disclosure regime

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its implementation approach for the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill (CRD Bill).

   http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-publishes-implementation-approach-for-climate-related-disclosure-regime/

4. 10 November 2021

   Auditors respond well to challenges presented by COVID-19

   Auditors have responded well to financial reporting challenges presented by the pandemic, according to the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko Audit Quality Monitoring Report for 2020/21.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/auditors-respond-well-to-challenges-2021/

5. 4 November 2021

   Self-reporting issues to FMA does not provide immunity from litigation

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has laid its expectations for how firms under its supervision should deal with the regulator when day-to-day interactions evolve in the event of an enforcement process.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/self-reporting-issues-does-not-provide-immunity/

6. 21 October 2021

   New climate-related disclosure regime expands FMA’s responsibilities

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko acknowledges the passage of the third reading of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/climate-related-disclosure-fma-responsibilities/

7. 20 October 2021

   FMA sets target dates for FAP full licence applications

   The FMA has set 30 September 2022 as the “target date” by when all transitional financial advice providers should apply for their Class 1 or Class 2 full licences. For Class 3 licence applicants, the target date is 30 June 2022.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/fmtarget-dates-for-fap-full-licence-applications/

8. 14 October 2021

   FMA censures Jarden for derivatives issuer licence breaches by OMF

   The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has formally censured Jarden Securities Limited for contraventions by OM Financial Limited (OMF) as a licensed derivatives issuer (DI). OMF co-mingled derivative investor money with its own money, a breach of its DI obligations.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/censures-jarden-derivatives-issuer-licence-breaches/

9. 13 October 2021

   FMA issues guidance on advertising of financial products

   MEDIA RELEASE: The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued new guidance on how firms should be advertising financial products. The final guidance, published today, reflects feedback from consultation and sets out three key principles for organisations to consider when advertising financial products or services.

   http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-issues-guidance-on-advertising-of-financial-products/

10. 11 October 2021

    FMA censures Firma NZ for breaches to derivatives issuer licence obligations

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has censured Firma Foreign Exchange Corporation (NZ) Limited after finding it had materially contravened a number of its obligations as a licensed derivatives issuer (DI).

    http://fma.cwp.govt.nz/news-and-resources/media-releases/censures-firma-nz-breaches/

11. 7 October 2021

    FMA directs Du Val to remove misleading advertising

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has directed property development and investment company Du Val to remove advertising materials likely to mislead or deceive investors.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/du-val-misleading-advertising/

12. 4 October 2021

    DIY investors encouraged to ‘take a mo’ before giving in to FOMO

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is urging DIY online investors to pause before succumbing to investment FOMO as part of World Investor Week (4-10 October 2021).

    http://fma.cwp.govt.nz/news-and-resources/media-releases/diy-investors-encouraged-to-take-a-mo-before-giving-in-to-fomo/

13. 30 September 2021

    FMA steps up enforcement of anti-money laundering breaches

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has escalated its enforcement approach to non-compliance with New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) rules, according to a new report.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-steps-up-enforcement-of-anti-money-laundering-breaches/

14. 29 September 2021

    FMA appoints Karen Chang as Acting General Counsel

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has appointed its current Head of Enforcement, Karen Chang, as Acting General Counsel until the FMA’s new Chief Executive joins next year.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-appoints-karen-chang-as-acting-general-counsel/

15. 28 September 2021

    Momentum builds in KiwiSaver as scheme reaches $81 billion

    The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its KiwiSaver Annual Report based on providers’ statistics for the year ended March 2021, which shows total funds under management reached $81.6 billion, or double the $40.8 billion held in 2017.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-reaches-81-billion/

16. 23 September 2021

    Credit card repayment insurance a poor value product, customers urged to check policies

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging an estimated 200,000 New Zealanders who have credit card repayment insurance (CCRI) to check if they still need the product, after a review found it to be poor value.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/credit-card-repayment-insurance-a-poor-value-product-customers-urged-to-check-policies/

17. 15 September 2021

    FMA sees spike in investment scam complaints, issues more warnings, since start of COVID-19

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of COVID-19.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-sees-spike-in-investment-scam-complaints/

18. 13 September 2021

    FMA announces new Chief Executive

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has announced the appointment of experienced international regulator Samantha Barrass as its new Chief Executive.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-announces-new-chief-executive-2021/

19. 23 August 2021

    FMA issues warning to Sharesies for AML/CFT breaches

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has issued a formal warning to Sharesies Limited and Sharesies Nominee Limited for failing to have sufficient anti-money laundering procedures, policies, and controls in place.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-issues-warning-to-sharesies-for-amlcft-breaches/

20. 4 November 2020

    FMA appoints specialist roles in FinTech and Integrated Financial System

    FinTech entrepreneur Binu Paul has been appointed as Specialist Lead, FinTech reporting to Director of Regulation Liam Mason, while Fiona Whyte, who has a banking and regulation background, has been appointed as Specialist Lead, Integrated Financial System and reports to Sarah Vrede, Director of Capital Markets.

    http://fma.cwp.govt.nz/news-and-resources/media-releases/fma-appoints-specialist-roles-in-fintech-and-integrated-financial-system/