Media releases

Found 384 results. Displaying page 1 of 20

1. 30 May 2018

   Financial Services Conduct and Culture Review

   RBNZ and FMA briefed the Finance and Expenditure Select committee on the Australian Royal Commission (RC) into Misconduct in Banking, Superannuation and Financial Services Industry, and the response by regulators in New Zealand.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/financial-services-conduct-and-culture-review/

2. 24 May 2018

   Letter sent to life insurers by the FMA and Reserve Bank of New Zealand

   The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed life insurers

   https://fma.cwp.govt.nz/news-and-resources/media-releases/letter-sent-to-life-insurers-by-the-fma-and-reserve-bank-of-new-zealand/

3. 24 May 2018

   Market cleanliness summer scholarship study published

   The Financial Markets Authority (FMA) and NZX Regulation (NZXR) today published a study carried out by Victoria University student Anna Hensen, ‘New Zealand Equity Market Cleanliness for the years 2010-2016’.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/market-cleanliness-summer-scholarship-study-published/

4. 18 May 2018

   FMA campaign to connect young women with KiwiSaver

   The FMA has developed a KiwiSaver health checker tool to help people answer four important questions about their account.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-campaign-to-connect-young-women-with-kiwisaver/

5. 17 May 2018

   CBL Update

   The FMA intends to file a case stated procedure to seek the court’s determination on whether continuous disclosure obligations for listed issuers continue to apply when the issuer is in voluntary administration.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/cbl-update/

6. 16 May 2018

   Insurers spend $34 million on soft commissions

   A Financial Markets Authority report published today details how nine life and health insurance companies spent $34 million on non-financial incentives like trips, business support and conferences for financial advisers over a two-year period.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/insurers-spend-34-million-on-soft-commissions/

7. 15 May 2018

   Second company and director charged over FSPR abuse

   The Financial Markets Authority (FMA) has filed criminal charges against a second company and its New Zealand based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act) 2008.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/second-company-and-director-charged-over-fspr-abuse/

8. 15 May 2018

   FMA releases fourth AFA information report

   Media release MR No. 2018 – 1715 May 2017The Financial Markets Authority today published its fourth statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year.The report uses the data from that questionnaire to provide a snapshot of the sector for the 12-month period ending June 30th 2017.It has been published in Tableau to enable the industry, media and interested...

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-releases-fourth-afa-information-report/

9. 14 May 2018

   KiwiSaver trial focused on members in their 50s gets results

   The interim results of a second FMA, MBIE and industry trial has shown targeted communications created using behavioural insights, are more likely to lead KiwiSaver members to make an active decision about their fund.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-trial-focused-on-members-in-their-50s-gets-results/

10. 4 May 2018

    Letter sent to banks by the FMA/Reserve Bank of New Zealand

    The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed banks and the NZBA.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/letter-sent-by-the-fma-reserve-bank-of-new-zealand/

11. 23 April 2018

    FMA applies to court to liquidate Forestlands companies

    The FMA has applied to the High Court to place the Forestlands companies numbered 2-20 into liquidation.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-applies-to-court-to-liquidate-forestlands-companies/

12. 18 April 2018

    FMA review of fund managers’ quarterly fund updates

    The FMA today published the findings of a review of quarterly fund updates which looked at whether fund managers are meeting their legal requirements to produce updates that are both easy to find and easy to read for investors.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-review-of-fund-managers-quarterly-fund-updates/

13. 17 April 2018

    Consultation opens on dual language disclosure documents

    The FMA is seeking submissions on its proposal to enable companies offering investments to publish product disclosure statements (PDS) in both te reo Māori and English.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/consultation-opens-on-dual-language-disclosure-documents/

14. 16 April 2018

    Formal warning: Crafters & Co Limited

    The FMA has issued a formal warning to Crafters & Co Limited and its director, Hadleigh Petherick.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/formal-warning-crafters-and-co-limited/

15. 10 April 2018

    Investors provide valuable insights for issuers

    Media release MR No. 2018 – 1010 April 2018 Investors have provided valuable insights about how they use the information that’s provided to them by companies offering investments. The Financial Markets Authority (FMA) today published research showing that investors saw the Product Disclosure Statement (PDS) as an improvement on previous offer documents. Investors said that they find the PDS useful, however, even those who are experienced with invest...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/investors-provide-valuable-insights-for-issuers/

16. 27 March 2018

    KiwiSaver fees to be shown in dollar figures for first time

    Media releaseMR No. 2018 – 0927 March 2018KiwiSaver customers are about to see the fees they pay their fund managers in dollar figures for the first time, and could be in for a shock.But experts advise against bolting to a different provider with lower fees, or switching funds, unless you’ve done your research.The change to dollar figures is a result of work by the Commission for Financial Capability (CFFC), the Ministry of Business, Innovation and E...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-fees-to-be-shown-in-dollar-figures-for-first-time/

17. 22 March 2018

    FMA publishes review of adviser conduct in life insurance

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-publishes-review-of-adviser-conduct-in-life-insurance/

18. 16 March 2018

    Guilty pleas for holding out as being in the business of providing financial services and obstructing FMA investigation

    Media releaseMR No. 2018 – 0716 March 2018 Garry James Patterson has pleaded guilty to two charges brought by the Financial Markets Authority (FMA) at the Christchurch District Court. The FMA brought charges against Mr Patterson under the Financial Service Providers (Registration and Dispute Resolution Act) 2008 (FSP Act) in relation to various insurance policies between 1 July 2013 and 28 May 2015. To be in the business of providing financial servic...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/guilty-plea-garry-james-patterson/

19. 15 March 2018

    Fair dealing in advertising: guidance for crowdfunding and peer- to-peer lending published

    Media releaseMR No. 2018 – 0615 March 2018FMA today published guidance on fair dealing in advertising and communications for licensed crowdfunding services, peer-to-peer lenders and the companies that offer financial products on these platforms.The guidance follows a review by the FMA of how service providers and the companies that use them advertise their businesses. The review examined whether promotional material met our ‘fair dealing’ expectati...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/advertising-in-crowdfunding-and-p-2-p/

20. 12 March 2018

    Five businesses warned for Anti-Money Laundering/Countering Financing of Terrorism failures

    https://fma.cwp.govt.nz/news-and-resources/media-releases/five-businesses-warned-for-aml-cft-failures/