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  1. 19 August 2016

    Regulatory co-operation

    We co-ordinate our efforts and share intelligence with other government agencies to ensure our work is informed, proportionate and effective. Those agencies include: the Reserve Bank, Companies Office, Department of Internal Affairs, Commerce Commission, Serious Fraud Office and the Inland Revenue Department. We regularly liaise with co-regulators in New Zealand, including formal quarterly meetings of the Council of Financial Regulators. We also work wi...

    https://fma.cwp.govt.nz/about-us/what-we-do/how-we-regulate/regulatory-co-operation/

  3. 31 May 2017

    Calendar

    This page is updated regularly so please check here for the latest dates and information. This page is updated regularly so please check here for the latest dates and information. Calendar archive Calendar archive...

    https://fma.cwp.govt.nz/compliance/calendar/

  4. 17 February 2015

    Make a complaint

    We deal with a range of complaints about New Zealand's financial markets and the people who operate in them. Complaints are important to us and help us to: monitor whether financial markets are working as they should detect and act on misconduct gather information to help us determine where we should direct our attention and priorities. Before you get in touch, please read the information below to ensure we are the right agency to deal with your issue. The range of complaints we deal with W...

    https://fma.cwp.govt.nz/contact/make-a-complaint/

  5. 2 June 2016

    Independent audit

    Each reporting entity must ensure its risk assessment and AML/CFT programme are audited every two years or at any other time at the request of the FMA. We may also request a copy of any audit report. We will use the audit report as a supervisory tool to give us a good insight into a reporting entity's AML/CFT compliance and is an effective way of helping us supervise.  For most reporting entitiess, a first audit report was due to be completed by 29 Jun...

    https://fma.cwp.govt.nz/compliance/amlcft/independent-audit/

  6. 14 November 2014

    Three new members for Financial Advisers Code Committee

    Media ReleaseMR No. 2014 – 04014 November 2014 The Financial Markets Authority (FMA) today confirmed the appointment of three new members to the Code Committee for Authorised Financial Advisers (AFAs). Professional financial advisers Martin Hawes and Stephen O’Connor join legal and financial services governance expert, Melanie Biss, as new members of the Code Committee. The existing members are Ross Butler, Shane Edmond, Professor Dimity Kingsford-Sm...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/three-new-members-for-financial-advisers-code-committee/

  7. 7 August 2014

    Brian Henry admits market manipulation

    Media releaseMR no. 2014 – 267 August 2014 Brian Peter Henry has admitted all of the Financial Markets Authority’s (FMA) allegations that he breached the market manipulation prohibitions in the Securities Markets Act 1988. FMA’s claims followed a referral from NZX and arose out of Mr Henry’s trading in shares in the NZX-listed Diligent Board Member Services (Diligent). At the Auckland High Court Mr Henry admitted his trading contravened section 1...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/brian-henry-admits-market-manipulation/

  8. 29 May 2014

    FMA issues formal warning to St Laurence directors - investigation closed

    News release MR no. 2014 - 016 29 May 2014 The Financial Markets Authority (FMA) has closed its investigation into St Laurence Limited (in liquidation) and has formally warned eight directors of St Laurence Limited in respect of potential breaches of the Securities Act. Based on the evidence it has seen, FMA considers that St Laurence’s September 2007 prospectus failed to properly disclose information about loan quality and liquidity for the period Mar...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-issues-formal-warning-to-st-laurence-directors-investigation-closed/

  9. 16 October 2013

    FMA cancels prospectus

    News release16 October 2013 The Financial Markets Authority (FMA) has cancelled the combined offer document of FMP Medical Services Limited (FMP) because it believes it is false or misleading. FMA is also of the view that the offer document is likely to deceive, mislead or confuse. This is the first time that FMA has cancelled an offer document and it means FMP must stop the offer and that it cannot allot any shares. FMP must immediately repay any invest...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-cancels-prospectus/

  10. 26 June 2013

    Guilty pleas in Dominion Finance case

    Media Release26 June 2013 Three former directors of Dominion Finance and North South Finance have today pleaded guilty to making untrue statements in a prosecution taken by the Financial Markets Authority.Vance Arkinstall and Richard Bettle each pleaded guilty to five Securities Act charges including making untrue statements in a Dominion Finance investment statement and extension certificate, and making an untrue statement in a North South Finance exten...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/guilty-pleas-in-dominion-finance-case/

  11. 5 February 2013

    Two more directors plead guilty in Capital + Merchant Finance case

    Media Release5 February 2013 Two more directors of Capital + Merchant Finance have today entered guilty pleas to three charges laid by the Financial Markets Authority under the Securities Act 1978. Robert Gordon Sutherland and Colin Gregory Ryan, who reside in Australia, pleaded guilty to two charges of making an untrue statement in a registered prospectus and one charge of distributing advertisements which included an untrue statement. They will be sent...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/two-more-directors-plead-guilty-in-capital-merchant-finance-case/

  12. 3 September 2012

    FMA releases final guidance on non-GAAP financial information

    Media Release3 September 2012 The Financial Markets Authority (FMA) has today released its final guidance note on the disclosure of non-GAAP financial information. The guidance note will assist issuers in their communication of financial information to investors and other stakeholders to minimise the potential for it to be misleading. FMA Head of Compliance Elaine Campbell said non-GAAP reporting has become common practice and it is necessary for FMA to...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-releases-final-guidance-on-non-gaap-financial-information/

  13. 26 April 2012

    FMA welcomes Petricevic sentencing

    Media Release26 April 2012 The Financial Markets Authority today welcomed the High Court's sentencing of former Bridgecorp director Rodney Petricevic. CEO Sean Hughes said: "FMA welcomes this outcome and respects the Court's decision. It's notable that the sentence is at the higher end of the scale and reflects the Court's view of Mr Petricevic's conduct." Mr Petricevic was found guilty on 5 April 2012 on charges of breaching the Crimes Act 1961, the Com...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-welcomes-petricevic-sentencing/

  14. 7 December 2011

    FMA to support South Canterbury Finance prosecution

    Media Release7 December 2011 The Financial Markets Authority has completed its criminal investigation of South Canterbury Finance (SCF) and will support the Serious Fraud Office's case against five individuals involved with SCF's affairs. FMA Chief executive Sean Hughes said FMA will supply particulars of false statements in two SCF prospectuses to support some of the 21 charges filed by the SFO at the Timaru District Court today. The untrue statements r...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-to-support-south-canterbury-finance-prosecution/

  15. 16 August 2011

    Nationwide anti-money laundering seminars help businesses prepare for new law

    Media Release16 August 2011 Financial service businesses will be learning about the need to tighten up customer identification processes and look out for suspicious financial transactions in a series of seminars around the country that started in Wellington on Monday. The Financial Markets Authority, Department of Internal Affairs, and the Police Financial Intelligence Unit are running the seminars to help business start preparing for a new Anti-Money La...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/nationwide-anti-money-laundering-seminars-help-businesses-prepare-for-new-law/

  16. 9 June 2011

    FMA warns of unacceptable KiwiSaver sales practices

    Media Release9 June 2011 The Financial Markets Authority is urging investors to be wary of unacceptable sales practices being used in selling some KiwiSaver schemes. After receiving complaints, FMA has taken steps to stop unregistered KiwiSaver sales representative Patrick Diack from engaging in illegal sales activities. Mr Diack has been a sales representative for several KiwiSaver schemes, most recently operating in the lower North Island. Mr Diack's s...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-warns-of-unacceptable-kiwisaver-sales-practices/

  17. 23 February 2011

    Securities Commission and Nuplex Reach Settlement

    (Media releases from the Securities Commission)23 February 2011 In April 2010, the Securities Commission commenced civil proceedings against Nuplex Industries Limited and six of its present or past directors, John Hirst, Robert Aitken, Barbara Gibson, David Jackson, Bryan Kensington and Michael Wynter. The Commission alleged in those civil proceedings that Nuplex should have announced to the market a forecast and (subsequent) confirmed breach by Nuplex o...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/securities-commission-and-nuplex-reach-settlement/

  18. 3 September 2010

    New Designated Settlement System

    (Media releases from the Securities Commission)3 September 2010 The Reserve Bank of New Zealand and the Securities Commission today announced that the newly established NZCDC Settlement System has been declared a designated settlement system under Part 5C of the Reserve Bank of New Zealand Act. The Reserve Bank and Securities Commission are joint regulators of designated settlement systems. The NZCDC Settlement System is operated by New Zealand Cleari...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/new-designated-settlement-system-2/

  19. 13 April 2010

    Commission to Sue Nuplex Industries Limited and Directors

    (Media releases from the Securities Commission)13 April 2010 The Securities Commission has decided to file civil proceedings against Nuplex Industries Limited (Nuplex) and certain current and former directors. The directors involved are John Hirst (Managing Director, Sydney), Robert Aitken (Chairman and non-executive director, Sydney), Barbara Gibson (non-executive director, Melbourne), David Jackson (non-executive director, Auckland), Bryan Kensingto...

    https://fma.cwp.govt.nz/news-and-resources/media-releases/commission-to-sue-nuplex-industries-limited-and-directors/

  20. 13 March 2014

    Changes to financial reporting requirements

    Craig Foss, Todd McClay13 March, 2014 Commerce Minister Craig Foss and Revenue Minister Todd McClay today announced that the Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on1 April 2014. “Now is the time for small and medium-sized companies to make sure they understand how the changes affect their financial reporting obligations,” says Mr Foss. “Medium-sized companies will no longer be required to produce complex financial s...

    https://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/changes-to-financial-reporting-requirements/