Submissions close 31 May 2017.
Submissions close on 9 June 2017.
Submissions close 16 June 2017.
Thinking of changing your KiwiSaver provider? Here is 5 things to ask before moving your KiwiSaver.
Do you know what to expect when dealing with a financial services provider? Watch our video to find out.
This guidance note outlines our view on what advisers or providers of KiwiSaver should talk to investors about, types of advice and the use of customer incentives.
This guide describes why good conduct matters and how high standards of conduct support fair, efficient and transparent markets.
The revised Code of Professional Conduct has now been published. See how this impacts you.
15 May 2017
This information sheet explains the class notice which designates certain shares in investment companies as managed investment products, and the company which issues
them as a managed investment scheme. It explains when we will consider individually designating particular shares to be issued by an investment company as managed investment products.
If you believe you will or may be caught by the class designation, we encourage you to approach us in the early stages of your offer design process to discuss how this impacts your obligations.
13 December 2016
The Financial Markets Conduct Amendment Regulations 2015 introduced new requirements for MIS quarterly fund updates, but we’ve noticed some fund updates are not yet including them.
This is a courtesy reminder that these amendments are in effect and need to be factored into your quarterly fund updates. To help with this we’ve published some information about fund updates on our website, including a list of the key amendments.
13 December 2016
We have recently updated this guide on which explains what issuers have to do under the trans-Tasman mutual recognition scheme for financial product offers made in both countries.
Any NZ or Australian issuer, who wishes to make offers of financial products under the scheme, should read this guide and note the key changes.
1 May 2017
The FMA stated on March 22 that we had ongoing inquiries into the Forestlands companies. Since that date we have referred some matters to the Serious Fraud Office. We will continue to complete our inquiries in relation to financial markets issues.
During our inquiries we identified funds worth $18 million, and in agreement with Forestlands, these funds were placed in trust. This money remains in trust, earning interest.
20 October 2016
An investigation into the affairs of Arena Capital Limited, trading as BlackfortFX, led to the FMA obtaining asset preservation orders in relation to BlackfortFX and associated persons in May 2015. The FMA appointed a receiver and manger in relation to BlackfortFX, which was subsequently placed into liquidation in July 2015. The FMA also referred the matter to the Serious Fraud Office (SFO).
Charges have now been filed by the Serious Fraud Office (SFO) against Jimmie McNicholl in relation to the operation of BlackfortFX who appeared in Court on 20 October 2016. Another person has been charged and is yet to appear on this matter.
Four companies have been placed into liquidation at the Auckland High Court, following an investigation undertaken by the FMA into Steven Robertson, PTT Limited and related entities. Read details here.
We want to speak to anyone who has invested with Mr Steven Robertson through PTT Ltd; Maxwell Foster Ltd; Harrington Group Ltd; Gibson McLeod Ltd; Russell & Brown Ltd; Armstrong Group Ltd; Morrison Ross Ltd or Alba International Ltd.
Please contact us through our online complaint form if you can help.
MCL purports to offer foreign exchange currency programmes, and operates the website www.morgancooperltd.co.nz. Anyone who has been in contact with MCL or Mr McCall in relation to the offer of such programmes, or any other form of financial product or service, is encouraged to contact the FMA on 0800 434 566, or log a complaint via our website.
Along with the Serious Fraud Office, we are investigating Mr Paul Clifford Hibbs and Hansa Limited (Hansa).
Anyone who had been in contact with Hibbs or Hansa in relation to the offer of financial advice, investment services or other form of financial product or service is encouraged to contact us on 0800 434 566, or log a complaint via our website.