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Media releases

Keep up to date with announcements, statements and media releases on the latest news.

For media enquiries please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: andrew.park@fma.govt.nz

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Found 345 results. Displaying page 1 of 18

  1. 2 October 2017

    FMA welcomes World Investor Week and urges investors to use a licensed provider

    Media release MR No. 2017 - 412 October 2017The FMA is urging investors to become familiar with some home truths about the risks of investing with off-shore, un-licensed providers as part of the first ever World Investor Week (2-8 October).The FMA is participating in the initiative, run by the International Organization of Securities Commissions (IOSCO) to promote investor education and protection across six continents. The FMA is a member of IOSCO.As pa...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-welcomes-world-investor-week-and-urges-investors-to-use-a-licensed-provider/

  2. 28 August 2017

    Prince & Partners admits failings as Viaduct Trustee, FMA recovers $4.5 million

    Prince and Partners Trustee Company (Prince) has admitted a series of failings in its role as trustee of Viaduct Capital Limited (Viaduct), a finance company that went into receivership in 2010. The civil proceedings brought by the FMA against Prince have been settled for $4.5 million.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/prince-and-partners-admits-failings-as-viaduct-trustee-fma-recovers-4-5-million/

  3. 31 July 2017

    Judgment confirmed in the FMA v Warminger as appeals withdrawn

    Media release MR No. 2017 – 3431 July 2017  Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. The judgment from March 2017 and penalty decision from June 2017 stand and this brings these civil proceedings to a close. In the High Court Venning J found that, in relation to two of the causes of action, Mr Warminger had committe...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/judgment-confirmed-in-the-fma-v-warminger-as-defence-withdraws-appealnew-registry-item/

  4. 21 July 2017

    Consumers tell FMA about financial providers’ conduct

    Media release MR No. 2017 – 3321 July 2017 Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. The FMA has completed its first survey of consumers’ experience of conduct. It follows the publication of the FMA’s guide to its view of conduct earlier this year. This focused on the ‘five Cs for good conduct’: capability, conflict, cul...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/consumers-tell-fma-about-financial-providers-conduct/

  5. 19 July 2017

    FMA confirms KiwiSaver fees methodology

    Media release MR No. 2017 – 3219 July 2017 The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged at the fund level to investors using one...

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

  6. 13 July 2017

    Former RFA sentenced at Auckland District Court

    Media release   MR No. 2017 – 3113 July 2017 A former registered financial adviser who forged clients’ initials and falsely amended insurance applications has been sentenced to 150 hours of community work, 6 months community detention and ordered to pay reparations of $16,461.24. Anthony Wilson had earlier pleaded guilty to a total of four charges under the Crimes Act brought by the Financial Markets Authority at the Auckland District Court. Wilson...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/former-rfa-sentenced-at-auckland-district-court/

  7. 30 June 2017

    Penalty judgment in the case of FMA v Warminger

    Media release MR No. 2017 – 3030 June 2017 The High Court imposed a total penalty of $400,000 on Mark Warminger for two contraventions of the Securities Markets Act 1978. Venning J found that the starting point for the two contraventions was a penalty of $500,000 and applied a reduction in penalty of $100,000 to recognise Mr Warminger’s personal circumstances. As a result of the pecuniary penalty order Mr Warminger automatically received a 5 year man...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/penalty-judgment-in-the-case-of-fma-v-warminger/

  8. 30 June 2017

    Further updates for Forestlands investors

    30 June 2017 The FMA has previously notified that during its initial inquiries into Forestlands it identified $18 million which Forestlands said was to be paid to investors. We note that investors, who are shareholders in the Forestlands companies, had expressed concerns about Forestlands, how the assets were sold and how they would receive their share of the proceeds. The FMA decided that the $18 million should be placed in trust to protect and preserve...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/further-updates-for-forestlands-investors/

  9. 29 June 2017

    Annual review of NZX published

    Media release MR No. 2017 – 2929 June 2017 The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator.    NZX plays a vital role in helping to achieve fair, orderly and transparent financial markets in New Zealand to promote confident and informed participation by investors. NZX complied with its market operator obligations during the review period (calendar year 20...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/annual-review-of-nzx-published/

  10. 27 June 2017

    Forestlands – update for investors

    27 June 2017 The FMA has received a number of requests for further information about the Forestlands group of companies from shareholders in recent weeks.  The FMA continues to seek to engage with the sole director of the Forestlands group and his legal representatives to ascertain what steps have been taken to put in place an appropriate process for determining and managing the distribution of the $18 million that is held on trust, accruing interest. T...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/forestlands-update-for-investors-2/