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Media releases

Keep up to date with announcements, statements and media releases on the latest news.

For media enquiries please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: andrew.park@fma.govt.nz

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Found 413 results. Displaying page 3 of 21

    10 April 2018

    Investors provide valuable insights for issuers

    Media release MR No. 2018 – 1010 April 2018 Investors have provided valuable insights about how they use the information that’s provided to them by companies offering investments. The Financial Markets Authority (FMA) today published research showing that investors saw the Product Disclosure Statement (PDS) as an improvement on previous offer documents. Investors said that they find the PDS useful, however, even those who are experienced with invest...

    https://fma.govt.nz/news-and-resources/media-releases/investors-provide-valuable-insights-for-issuers/

    27 March 2018

    KiwiSaver fees to be shown in dollar figures for first time

    Media releaseMR No. 2018 – 0927 March 2018KiwiSaver customers are about to see the fees they pay their fund managers in dollar figures for the first time, and could be in for a shock.But experts advise against bolting to a different provider with lower fees, or switching funds, unless you’ve done your research.The change to dollar figures is a result of work by the Commission for Financial Capability (CFFC), the Ministry of Business, Innovation and E...

    https://fma.govt.nz/news-and-resources/media-releases/kiwisaver-fees-to-be-shown-in-dollar-figures-for-first-time/

    16 March 2018

    Guilty pleas for holding out as being in the business of providing financial services and obstructing FMA investigation

    Media releaseMR No. 2018 – 0716 March 2018 Garry James Patterson has pleaded guilty to two charges brought by the Financial Markets Authority (FMA) at the Christchurch District Court. The FMA brought charges against Mr Patterson under the Financial Service Providers (Registration and Dispute Resolution Act) 2008 (FSP Act) in relation to various insurance policies between 1 July 2013 and 28 May 2015. To be in the business of providing financial servic...

    https://fma.govt.nz/news-and-resources/media-releases/guilty-plea-garry-james-patterson/

    15 March 2018

    Fair dealing in advertising: guidance for crowdfunding and peer- to-peer lending published

    Media releaseMR No. 2018 – 0615 March 2018FMA today published guidance on fair dealing in advertising and communications for licensed crowdfunding services, peer-to-peer lenders and the companies that offer financial products on these platforms.The guidance follows a review by the FMA of how service providers and the companies that use them advertise their businesses. The review examined whether promotional material met our ‘fair dealing’ expectati...

    https://fma.govt.nz/news-and-resources/media-releases/advertising-in-crowdfunding-and-p-2-p/

    28 February 2018

    Refreshed corporate governance handbook published

    The Financial Markets Authority (FMA) today published its refreshed Corporate Governance handbook.

    The handbook is being refreshed to remove any unnecessary overlap with the NZX Code, particularly to ensure the NZX Code is the primary source for requirements for listed companies. We have also updated the guide in a number of places to bring it in line with corporate governance developments in New Zealand and globally.

    https://fma.govt.nz/news-and-resources/media-releases/refreshed-corporate-governance-handbook-published/

    27 February 2018

    FMA to hold directors to account for FSPR abuse, first charges filed

    Media release MR No. 2018-0327 February 2018The Financial Markets Authority (FMA) has filed criminal charges against a company and its New Zealand based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act).The company is charged with two counts of breaching section 12 of the FSP Act.The New Zealand based director is charged with two counts of breaching sections 12 and 40 of the FSP Act.Section 12 of t...

    https://fma.govt.nz/news-and-resources/media-releases/fma-to-hold-directors-to-account-for-fspr-abuse-first-charges-filed/

    22 February 2018

    FMA opens applications for personalised digital advice

    Media release MR No. 2018 – 0222 February 2018The FMA is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice).  Digital advice is automated financial advice generated by computer program using algorithms which is usually delivered through a website or a software application.Personalised financial advice uses information about a client’s part...

    https://fma.govt.nz/news-and-resources/media-releases/digital-advice/

    29 January 2018

    Oscar nominee to screen at NZ fraud film festival

    Media release29 January 2018The Oscar-nominated documentary Abacus: Small Enough to Jail is just one of the highlights of the second New Zealand International Fraud Film Festival taking place in Auckland on Friday the 2nd and Saturday the 3rd of March.Ian Tuke, chair of the festival said, “We’re very excited about the quality of this year’s programme and the calibre of films coming through. More than 400 people attended the first festival in Novemb...

    https://fma.govt.nz/news-and-resources/media-releases/oscar-nominee-to-screen-at-nz-fraud-film-festival/

    12 December 2017

    Investor Alert: Final call for eligible investors in the Hanover settlement to make a claim before 16 February 2018

    We urge eligible investors in the Hanover settlement who have not yet made a claim for their money, to do so before Friday 16 February 2018.Deloitte is managing the distribution of investors’ funds. To date, 85 % of eligible investors have responded to correspondence and received their money.There are around 600 eligible investors who have either returned incomplete information to Deloitte or are yet to make a claim.We strongly encourage these eligible...

    https://fma.govt.nz/news-and-resources/media-releases/investor-alert-final-call-for-eligible-investors-hanover/

    12 December 2017

    Accredited Body Reports published

    Media advisory MR No. 2017 – 56 12 December 2017The Financial Markets Authority (FMA) has today published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia.The reports contain the findings of our monitoring assessments for the period 1 July 2016 to 30 June 2017. The Auditor Regulation Act 2011 requires us to monitor and ensure the audit regulatory systems and processes used by accredited bodies...

    https://fma.govt.nz/news-and-resources/media-releases/accredited-body-reports-published/

    29 November 2017

    Key Audit Matters – A ‘stock take’ of the New Zealand experience

    Media release MR No. 2017 – 5429 November 2017Auditors have been required to extend the auditor’s report effective from December 2016.The External Reporting Board (XRB) and Financial Markets Authority (FMA) have published the results of their joint analysis of Key audit matters – A stock-take of the first year in New Zealand.As well as reviewing the auditor’s reports of 168 entities, the survey engaged directly with investors, preparers, direct...

    https://fma.govt.nz/news-and-resources/media-releases/xrb/