Media releases

Found 764 results. Displaying page 26 of 51

1. 29 August 2018

   Helping KiwiSaver members weather investment storms

   In preparation for Sorted Money Week 2018 the Financial Markets Authority (FMA) is launching an online quiz to help younger KiwiSaver members understand how to react when investments rise and fall in stormy markets.
2. 16 August 2018

   KiwiSaver members say dollar fee information is useful

   KiwiSaver members say dollar fee information is useful. The vast majority (86%) of KiwiSaver members who saw their fees in dollar amounts in their annual statements this year rated the information as “quite or very useful”, an FMA survey has found.
3. 14 August 2018

   Decision in the case stated procedure between FMA and the administrators of CBL Corporation Limited

   Regarding decision in the case stated procedure between FMA and the administrators of CBL Corporation Limited, the High Court has found that an issuer’s continuous disclosure obligations do not apply during administration. Read more.
4. 9 August 2018

   FMA sets out its work plan for the year ahead

   The FMA has released its annual corporate plan as the conduct and culture of New Zealand’s financial services industry comes under greater scrutiny.
5. 18 July 2018

   Customers not the focus of replacement business at large insurers

   The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices.
6. 13 July 2018

   CBL investigation update

   The FMA has completed a preliminary assessment of the information obtained as part of the CBL investigation to date and has concerns about potential breaches of the Financial Markets Conduct Act 2013 and the Companies Act 1993. Read more.
7. 12 July 2018

   Investors show mixed levels of understanding while confidence in financial markets remains stable

   Confidence in New Zealand’s financial markets has remained stable since 2017, despite uncertainty around a potential trade war, volatile global markets and a focus on the culture and conduct of major financial institutions in Australia and New Zealand.
8. 5 July 2018

   Individual falsely holding himself out as financial adviser sentenced to community work and community detention

   Garry James Patterson has been sentenced to 200 hours’ community work and 3 months’ community detention at the Christchurch District Court after pleading guilty to two charges brought by the Financial Markets Authority (FMA).
9. 3 July 2018

   FMA statement on Blackfort/Arena sentencing

   The FMA acknowledges the sentencing today in the Serious Fraud Office’s criminal prosecution of Mr Jimmy McNicholl and Mr Lance Ryan, also known as Lance Jared Thompson. These individuals were prosecuted in relation to a Ponzi scheme in Christchurch that resulted in hundreds of people investing a total of $8.3m.
10. 28 June 2018

    Annual review of NZX published

    NZX generally complied with its obligations during the review period. However, a lack of market experience in its market surveillance function meant NZX did not meet its obligation to have adequate arrangements to monitor the conduct of participants on, or in relation to its markets.
11. 30 May 2018

    Financial Services Conduct and Culture Review

    RBNZ and FMA briefed the Finance and Expenditure Select committee on the Australian Royal Commission (RC) into Misconduct in Banking, Superannuation and Financial Services Industry, and the response by regulators in New Zealand.
12. 24 May 2018

    Letter sent to life insurers by the FMA and Reserve Bank of New Zealand

    Regulators' letter to Life Insurers following the Australian Royal Commission enquiry into misconduct in banking, superannuation and other financial services.
13. 24 May 2018

    Market cleanliness summer scholarship study published

    The Financial Markets Authority (FMA) and NZX Regulation (NZXR) today published a study carried out by Victoria University student Anna Hensen, ‘New Zealand Equity Market Cleanliness for the years 2010-2016’.
14. 18 May 2018

    FMA campaign to connect young women with KiwiSaver

    The FMA has developed a KiwiSaver health checker tool to help people answer four important questions about their account.
15. 17 May 2018

    CBL Update

    The FMA intends to file a case stated procedure to seek the court’s determination on whether continuous disclosure obligations for listed issuers continue to apply when the issuer is in voluntary administration. Read more.