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    1 October 2002

    Securities Act (Authorised Futures Contracts)

    Securities Act (Authorised Futures Contracts) Exemption Notice 2002 This notices replaces the Securities Act (Authorised Futures Contracts) Exemption Notice 1997 (the 1997 notice). It carries forward the provisions of the 1997 notice without any change of substance, but with certain drafting changes which reflect current drafting practice. Context An authorised futures contract is a futures contract which is made on or through an authorised futures exch...


  1. 30 November 2016

    Offer information

    Clear, concise and effective offer information helps investors make more informed investment decisions. Clear, concise and effective offer information helps investors make more informed investment decisions. Clear, concise and effective offer information helps investors make more informed investment decisions....


    27 March 2014

    Investors better informed about low ball offers

    News release27 March 2014FMA says in a report published today that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers.  The report also acknowledges that companies whose investors have been targeted have contributed to investors being better informed. The Securities Markets (Unsolicited Offers) Regulations 2012 came into force on 1 December 2012 amid growing concern that investors were being en...


    4 December 2014

    FMA releases Audit Quality Review Report

    Media ReleaseMR No. 2014 – 444 December 2014 The Financial Markets Authority (FMA) says its latest Audit Quality Review Report confirms the majority of the profession is meeting minimum compliance standards. However, the findings in 2014 are similar to last year’s report, with significant room for improvement identified among the firms that were monitored. The 2014 Audit Quality Review Report assessed the individual audit files and internal systems,...


    12 August 2014

    Strategic Finance settlement proceeds to first distribution

    In June this year PwC Partners John Fisk and Colin McCloy, as Receivers of Strategic, together with the Financial Markets Authority, announced they had finalised a $22 million settlement agreement with the former directors and auditors of Strategic. On 8 August 2014 the settlement agreement became unconditional and the first payment of $10 million has now been received. This will enable a distribution to secured investors to be made within the next two w...


    5 December 2013

    FMA releases audit quality report

    News release5 December 2013 The Financial Markets Authority (FMA) says its first audit quality review shows there is work to be done to meet the required standards. The Audit Quality Review Report assessed the internal quality control systems and individual audit files of nine audit firms, under the Auditor Regulation Act, which came into force on 1 July 2012. The key areas of focus for firms that need to improve are: auditor independence and ethical is...


    28 May 2015

    Presentation by Rob Everett to the Institute of Directors - Queenstown

    Thank you for that introduction Geoff.  I’m delighted to be down here in Queenstown. I’d also like to introduce my colleague Simone Robbers.  Simone is our Director of Primary Markets and Investor Resources and has led our recent work with the IoD and directors more generally on corporate governance. We’d both be very happy to take questions or to just chat afterwards. A few weeks back I read a profile of Ross McEwan, the New Zealander who is CEO of the Royal Bank of Scotland in the UK...


    24 July 2013

    FMA files first market manipulation case in New Zealand

    Media Release24 July 2013 The Financial Markets Authority (FMA) today confirmed that it has filed and served civil proceedings against Brian Peter Henry alleging market manipulation of shares in the NZX-listed Diligent Board Member Services.The proceedings contain six claims alleging certain orders and trades made by Mr Henry in 2010 breached the market manipulation provisions of the Securities Markets Act. FMA’s investigation followed a referral from...


    28 February 2013

    FMA signals its compliance focus for 2013

    Media Release28 February 2013 The Financial Markets Authority (FMA) today released its compliance focus for 2013 which outlines FMA's priority areas for monitoring and surveillance over the next year. The document details four major themes which will influence priorities: building customer trust; raising standards in existing regimes; embedding new regimes; and KiwiSaver. FMA CEO Sean Hughes said "Signalling our focus for 2013 makes sense. It provides an...


    21 July 2015

    FMA Update - 21 July 2015

    Helping businesses adapt to the new regulatory regime Recently appointed director of regulation Liam Mason, shares his thoughts. It’s a privilege to be the new director of regulation at the FMA. This is an exciting time to take on a new role, backed by a dedicated and talented team. Across our Auckland and Wellington offices, our priority is to help businesses adapt to the new regulatory regime. We do this through: licensing, exemptions, information, and guidance. This update covers some of...


    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...


    12 April 2012

    FMA calls for submissions on exemption reviews

    Media Release12 April 2012 The Financial Markets Authority is seeking submissions from market participants, investors, representatives and advisers on review of 44 class exemption notices due to expire later this year. FMA is able to grant exemptions from provisions of various securities laws. Exemptions remove rigidities in the law and ensure standards set for market participants are reasonable and cost-effective. They provide relief where the costs of...


    28 July 2015

    FMA’s Capital + Merchant Finance civil proceedings discontinued

    Media ReleaseMR No. 2015 – 3228 July 2015 The Financial Markets Authority (FMA) has discontinued its civil proceedings against the directors of Capital + Merchant Finance Limited (CMF). In 2009, the FMA’s predecessor, the Securities Commission, laid criminal charges against five directors of CMF, Neal Nicholls, Owen Tallentire, Colin Ryan, Wayne Douglas and Robert Sutherland, under the Securities Act. These charges related to untrue statements in off...


    30 September 2011

    Canterbury advisers rise to the challenge

    Media Release30 September 2011 76 Canterbury financial advisers have met an extended regulatory deadline to become Authorised Financial Advisers (AFAs). Due to the disruption caused by earthquakes, Canterbury advisers were given until 1 October to be authorised to advise on investment products and offer services such as financial planning. Elsewhere in New Zealand, advisers had a 1 July deadline. 97 Canterbury advisers met the July deadline. FMA Head of...


    21 June 2011

    Warning: FMA warns SuperLife in relation to KiwiSaver sales practices

    Media Release21 June 2011 The Financial Markets Authority has issued a warning to SuperLife Limited and SuperLife Trustees Limited (together 'SuperLife') to overhaul its KiwiSaver sales practices. FMA Chief Executive Sean Hughes said FMA was seriously concerned about a number of matters regarding SuperLife's sales practices, potential non-compliance with the law and apparent poor monitoring of the activities of its sales force. "From 1 July, FMA will m...


    14 September 2015

    Financial Markets Conduct (First Mortgage Trust Group Investment Fund and First Mortgage PIE Trust)

    Financial Markets Conduct (First Mortgage Trust Group Investment Fund and First Mortgage PIE Trust) Exemption Notice 2015 Notice under section 68 of the Financial Markets Conduct Act 2013 PDS consideration unnecessary Share this Share on Facebook Tweet this Email this Back to top...