Media releases

Found 522 results. Displaying page 1 of 27

1. 19 November 2020

   Rise in scams impersonating NZ businesses during COVID-19

   From 1 April to 5 November 2020, the FMA issued 61 warnings about investment scams, of which 21 (or 34%) were impostor scams, where the names and details of legitimate businesses are unlawfully used by scammers to trick investors, such as fake websites or social media accounts. By comparison, in the same timeframe during 2019, the FMA issued 40 warnings and only four (10%) were impostor scams. Read the media release.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/rise-in-scams-during-covid-19/

2. 18 November 2020

   FMA seeks feedback on industry guidance for advertising financial products

   The Financial Markets Authority (FMA) has opened consultation on proposed guidance about advertisements for financial products.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/guidance-advertising-financial-products/

3. 13 November 2020

   FMA monitoring shows steady improvement in quality of listed company audits

   The Financial Markets Authority released its Audit Quality Monitoring Report for 2020. Audit quality has continued to improve, with the overall number of issues discovered by the FMA reducing over time.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/monitoring-shows-improvement-audits/

4. 6 November 2020

   FMA releases standard conditions for licensing of financial advice

   The Financial Markets Authority (FMA) has released the final standard conditions for a full Financial Advice Provider licence and confirmed three classes of financial advice service, following an extensive consultation with the industry.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-releases-standard-conditions-for-licensing-of-financial-advice/

5. 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.

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

6. 3 November 2020

   FMA appoints KPMG Restructuring Services as temporary manager following removal of Fund Managers Otago

   The FMA has appointed a temporary manager to manage three schemes previously operated by Fund Managers Otago Limited (FMO). The schemes’ supervisor, Trustees Executors Limited, determined it was in the best interests of investors to remove FMO as manager of those schemes.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-appoints-kpmg-restructuring-services-as-manager-following-removal/

7. 2 November 2020

   FMA opens consultation on guidance for KiwiSaver fees

   The FMA’s guidance sets out the regulatory approach to the requirement that KiwiSaver fees not be unreasonable.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/consultation-kiwisaver-fees/

8. 5 October 2020

   World Investor Week focus on beginners after steep rise in direct investment

   The Financial Markets Authority is using World Investor Week 2020 to remind thousands of Kiwi investors to do their homework and understand the risks of investing in financial markets after a steep rise in direct investment.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/wiw-focus-on-beginners/

9. 1 October 2020

   Contributions help KiwiSaver continue to grow through COVID-19

   KiwiSaver has continued to grow despite market volatility and economic uncertainty caused by COVID-19 , according to the Financial Markets Authority’s (FMA) KiwiSaver Annual Report for the year ended March 2020.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/contributions-help-kiwisaver-continue-to-grow-through-covid-19/

10. 24 September 2020

    FMA reports on monitoring of financial services firms and advisers

    A report on the FMA's supervision activities over the last 18 months says large parts of the financial services sector are working hard to meet the FMA’s expectations, but called for further and more widespread improvements to governance and compliance.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-issues-supervision-report-2020/

11. 22 September 2020

    FMA prevents CLSA Premium NZ Limited (formerly KVB Kunlun) from offering derivatives to retail investors

    The Financial Markets Authority (FMA) has imposed conditions on the derivatives issuer licence of CLSA Premium New Zealand Limited (CLSAP NZ, formerly KVB Kunlun) that prevent the firm from making an offer to or receiving further funds from, retail investors in relation to derivatives.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/clsa-premium-nz-prevented-offering-derivatives/

12. 18 September 2020

    FMA files criminal charges in relation to Forestlands

    The Financial Markets Authority has filed criminal charges against an individual in relation to the Forestlands group of companies, for alleged disclosure and financial record keeping breaches.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-files-criminal-charges-forestlands/

13. 11 September 2020

    Pegasus Markets and director found guilty of abusing FSPR

    Pegasus Markets Ltd and its New Zealand-based director, Michael REps, have been found guilty of all criminal charges brought by the Financial Markets Authority (FMA). Read the full media release here.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/pegasus-markets-and-director-found-guilty-of-abusing-fspr/

14. 8 September 2020

    Scam targets China-NZ money transfers during COVID-19

    FMA is warning people to be wary of scammers attempting to impersonate the FMA as part of a money transfer scam.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/scam-targets-china-nz-money-transfers-during-covid-19/

15. 2 September 2020

    Bonds: The overlooked asset many New Zealanders don’t invest in

    FMA releases investor guide to bonds as market volatility continues

    https://fma.cwp.govt.nz/news-and-resources/media-releases/bonds-the-overlooked-asset/

16. 27 August 2020

    FMA appoints new Director of Investment Management

    The Financial Markets Authority (FMA) has strengthened its executive team, appointing Paul Gregory to the newly created role of Director of Investment Management.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-appoints-new-director-of-investment-management/

17. 24 August 2020

    FMA releases report into active and passive fund management

    The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles used by KiwiSaver providers.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-releases-report-into-active-and-passive-fund-management/

18. 6 August 2020

    KiwiSaver statements starting to help members take action

    A survey that the FMA has done shows that some KiwiSaver members who recalled seeing their projected lump sum planned to take some form of action. The most common planned action was increasing contributions.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-statements-members-take-action/

19. 29 July 2020

    MBIE announcement on FMA levies

    MBIE have announced details of FMA levy amounts for 2021/22 and 2022/23.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/mbie-announcement-on-fma-levies/

20. 27 July 2020

    FMA outlines short-term priorities in response to COVID-19

    The Financial Markets Authority (FMA) has today released an information sheet outlining its priorities over the next three to six months as New Zealand continues to respond to COVID-19.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-outlines-short-term-priorities-in-response-to-covid-19/