Media releases

Found 436 results. Displaying page 1 of 22

1. 21 May 2019

   FMA research highlights gap between what investors expect and what auditors deliver

   An FMA research project with investors, directors, managers and auditors has identified reasonable levels of confidence in audit quality, but also a serious gap in the expectations of investors and what auditors are delivering. The FMA commissioned the research to better understand public and industry perceptions of audit quality in New Zealand.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-audit-perceptions-research/

2. 13 May 2019

   10 formal AML/CFT warnings issued by FMA

   The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/10-formal-amlcft-warnings-issued-by-fma/

3. 3 May 2019

   Company convicted for abuse of the FSPR

   Morgan DeVere Corporate Finance Limited (Morgan DeVere) has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial Services Providers Register (FSPR). A copy of the judgment can be found here. Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/company-convicted-for-abuse-of-the-fspr/

4. 16 April 2019

   Director sentenced to community service for abuse of FSPR

   A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fspr-abuse/

5. 15 April 2019

   FMA files civil proceedings over trading in Oceania Natural

   The FMA has issued civil proceedings in the High Court against four individuals in relation to trading in Oceania Natural Limited. The proceedings relate to alleged breaches of market manipulation prohibitions and the disclosure obligations in the Financial Markets Conduct Act 2013. Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-files-civil-proceedings-over-trading-in-oceania-natural/

6. 12 April 2019

   Statement on ANZ v FMA Supreme Court judgment

   The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA. Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/anz-v-fma/

7. 9 April 2019

   Former CFO to pay $150,000, barred for Securities Markets Act breaches

   Mr Talbot has admitted to insider trading conduct and entered a guilty plea on a representative charge for a breach of disclosure obligations at Auckland High Court last month. Read more

   https://fma.cwp.govt.nz/news-and-resources/media-releases/mr-talbot-securities-markets-act-breaches/

8. 2 April 2019

   Update on FMA/RBNZ Bank Conduct and Culture review

   Today the Reserve Bank of New Zealand and the FMA confirmed that all 11 banks involved in their ongoing review of conduct and culture, have provided their responses to individual feedback letters. Read more

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

9. 1 April 2019

   AML/CFT monitoring report highlights concerns, sets out future focus

   The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities it supervises. Read more.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/amlcft-2018-report/

10. 29 March 2019

    FADC Findings published

    The Financial Advisers Disciplinary Committee (FADC) has published its findings in a case referred to the Committee by the FMA. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fadc-findings/

11. 28 March 2019

    Professional Conduct Committee of Chartered Accountants Australia New Zealand findings

    The Professional Conduct Committee of the Chartered Accountants Australia New Zealand (CA ANZ) has published its findings in relation to Richard Owen Dey and Michael Derek Wood. Read the findings here.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/pcc-ca-anz-findings/

12. 28 March 2019

    FMA confirms new appointments to executive committee

    The Financial Markets Authority (FMA) today confirmed two new appointments to its Executive Committee. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/new-appointments-to-leadership/

13. 27 March 2019

    Trio sentenced for theft, false statement by a promoter in Viaduct Capital & Mutual Finance case

    One man has been jailed and two men sentenced to home detention at the Auckland High Court for their part in using finance companies to try to save commercial businesses during the global financial crisis. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/viaduct-capital-and-mutual-finance/

14. 26 March 2019

    FMA publishes guide to shares for investors

    The FMA has published a guide for investors on the nuts and bolts of choosing, buying, owning and selling shares. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-publishes-guide-to-shares-for-investors/

15. 12 March 2019

    Expiry dates on all Financial Markets Conduct Act licences to be removed

    The Financial Markets Authority (FMA) is to remove the expiry dates for all licences issued under the Financial Markets Conduct Act 2013 in a process expected to be complete by the middle of 2019. Read more here.

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

16. 5 March 2019

    Appeal court judgment in ANZ Bank New Zealand v Financial Markets Authority

    The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA). Read more here.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/appeal-court-judgment-in-anz-bank-new-zealand-v-financial-markets-authority/

17. 1 March 2019

    ASX 24 derivatives market review

    The FMA has today published the findings of its obligations review of the ASX 24 derivatives market. The review did not identify any significant issues, and the FMA is generally satisfied that ASX is meeting the conditions of its market operator licence.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/asx-24-derivatives-market-review/

18. 27 February 2019

    The ingredients for successful KiwiSaver communications

    The results of a second FMA, MBIE and industry trial demonstrates using communications based on behavioural insights encourages KiwiSaver members to make an active choice about their investment. The report, “Using behavioural insights to improve KiwiSaver outcomes” was published today.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-behavioural-insights/

19. 25 February 2019

    South and Provan jailed for 4 years and 6 months on Crimes Act charges

    Robert Ian South and Murray Byron Provan have both been sentenced to four years and six months in prison at Tauranga District Court on charges brought by the FMA. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/south-and-provan-jailed-on-crimes-act-charges/

20. 20 February 2019

    Smart Investor tool launched to help Kiwis get ahead financially

    A new online tool called Smart Investor enables Kiwis to search and compare New Zealand investments such as KiwiSaver, shares, bonds and other types of managed products for the first time.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/smart-investor-tool-launched-to-help-kiwis-get-ahead-financially/