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Media releases

Keep up to date with announcements, statements and media releases. Subscribe to our alerts and updates here.

For media enquiries, please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: Andrew.Park@fma.govt.nz
Campbell Gibson
Senior Adviser, Media Relations
Phone: 09 967 1232
Mobile: 021 945 323
Email: Campbell.Gibson@fma.govt.nz

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Found 547 results. Displaying page 1 of 28

    19 March 2021

    James Greig, FMA Director of Supervision, to lead monitoring and supervision of financial advice

    The FMA announced that overall responsibility for monitoring financial advice sits with James Greig, Director of Supervision. He has recently been appointed to the FMA’s Executive Committee and has reported directly to Chief Executive Rob Everett since 2020.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/james-greig-fma-director-supervision-to-lead-monitoring-and-supervision-of-financial-advice/

    15 March 2021

    Start to new licensing regime for financial advice

    The Financial markets Authority (FMA) welcomes the start of the new financial advice regime from 15 March 2021. Under the new regime, anyone who gives regulated financial advice to retail clients must either hold, or operate under, a Financial Advice Provider licence. All providers of financial advice are now subject to the same obligation to place the interests of their clients first and must adhere to a new Code of Conduct.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/start-to-new-licensing-regime-for-financial-advice/

    3 March 2021

    ‘Director for hire’ Michael Reps sentenced for FSPR abuse

    Michael Reps, the New Zealand-based director of Pegasus Markets Limited, has been sentenced to two months’ community detention and 90 hours’ community work after criminal charges were brought by the Financial Markets Authority (FMA) for breaches to the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act).

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