Page last updated: 30 June 2023

Media releases

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Media release

5 December 2023

FMA publishes 2023 annual report

The FMA today published the FMA annual report for the year to 30 June 2023.
Media release

30 June 2023

FMA publishes updated and refreshed Auditor and Regulation Oversight Plan 2023-2026

The FMA will conduct yearly audit quality reviews (AQR) of every licensed audit firm in a refreshed Auditor and Regulation Oversight Plan 2023-2026.
20 September 2023

KiwiSaver holds firm through volatility and reaches $94BN in March 2023

The FMA’s latest KiwiSaver Annual report for the year to 31 March shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, by $4 billion, due to contributions of $10.5bn from members, employers, and government.
Media release

21 December 2023

FMA warns of increase in fake product disclosure statement scams targeting New Zealanders

The FMA is urging New Zealanders to remain vigilant and protect themselves from investment scams this holiday season.
Media release

30 October 2023

FMA reinforces importance of cyber-resilience for financial service providers

The FMA is reminding licensed financial service providers about the importance of cyber-resilience as part of Cyber Smart Week 2023.
Media release

13 November 2023

FMA encourages New Zealanders to be aware of investment scams

The FMA is reminding New Zealanders to remain vigilant to investment scams as part of Fraud Awareness Week 2023.
Media release

24 November 2023

FMA finds continuous improvements to audit quality and warns against complacency

Media release from the FMA announcing release of 2023 Audit Quality Monitoring Report.
Media release

1 May 2023

FMA letter to NZ registered banks: Treating consumers fairly – creating the right incentives

Letter sent from by the FMA to Chief Executives of New Zealand registered banks in April 2023.
24 March 2021

FMA directs Rockfort Markets to address misleading advertising

The Financial Markets Authority (FMA) has directed licensed derivatives issuer (DI) Rockfort Markets to remove or amend misleading advertising statements on its social media channels and website.
Media release

9 February 2023

Forestlands’ director, Rowan Kearns, pleads guilty to making false statements and charges related to financial reporting

The Financial Markets Authority today confirmed that Rowan Kearns, the founder and sole director of the Forestlands group of companies, last week pled guilty to charges in criminal proceedings for disclosure and financial record keeping breaches.
Media release

2 November 2023

CTRL Investments Limited issued infringement notice for late financial statements

The FMA has issued an infringement notice to derivatives issuer CTRL Investments Limited (CTRL) for failing to file financial statements by the due date.
Media release

28 November 2023

FMA cancels Foundation Advice Limited’s financial advice provider licence

FMA has cancelled Foundation Advice Limited (FAL)’s Financial Advice Provider (FAP) licence. FAL was an Auckland-based FAP offering advice on life and health insurance as well as KiwiSaver.
Media release

17 April 2024

FMA cancels crowdfunding services licence for Equitise

The FMA has cancelled the crowdfunding services licence of Equitise Pty Ltd (Equitise). The cancellation took effect on 3 April 2024.
Media release

21 July 2023

Highest penalties to date for market manipulation ordered for Oceania Natural Limited defendants

The penalty hearing for the first and second defendants in the Oceania Natural Limited (ONL) proceeding brought by the FMA was heard at the Auckland High Court last Thursday, 13 July.
Media release

18 September 2023

Yuen Pok (Paul) Loo pleads guilty to forgery and financial markets legislation offences

The FMA can confirm that Yuen Pok (Paul) Loo has pleaded guilty to several criminal charges at the Manukau District Court on Friday.