Media releases – 2023

Found 754 results. Displaying page 10 of 51

1. 16 August 2022

   FMA makes interim stop order and warns public about Wisdom House Investment Partners Limited and Yuen Pok Loo

   MEDIA RELEASE issued by the FMA announcing an interim stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok.
2. 10 August 2022

   Cigna admits making false and misleading representations over its communication of inflation adjustments to insurance cover

   Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings.
3. Media release

   4 August 2022

   FMA survey sheds light on New Zealanders’ experiences with financial sector and concepts of fair treatment

   Research from the FMA reveals insights into the mindset and motivations of consumers as they manage their money and deal with financial services firms.
4. 2 August 2022

   FMA issues infringement notice to Alliant Perpetual for late financial statements

   FMA issued an infringement notice to Alliant Perpetual (Alliant) for failing to file financial statements by their due date.
5. 27 July 2022

   FMA review of ethical investing claims in managed funds

   A review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance.
6. Media release

   20 July 2022

   FMA opens consultation on standard conditions for financial institution licences

   Consultation paper on proposed standard conditions for licences granted under the Financial Markets (Conduct of Institutions) Amendment Act 2022.
7. 19 July 2022

   FMA censures derivatives issuer Western Union Business Solutions (Australia) Pty Ltd for licence breaches

   FMA has censured Western Union Business Solutions (Australia) Pty Ltd for materially contravening key Standard Conditions of its licence.
8. 8 July 2022

   FMA appoints Margot Gatland to Head of Enforcement

   FMA has confirmed the appointment of Margot Gatland as its new Head of Enforcement. Ms Gatland was previously the Acting Head of Enforcement at the FMA.
9. 4 July 2022

   High Court dismisses Du Val appeal against FMA direction order

   A High Court ruling upheld an FMA direction order against property development and investment company Du Val, dismissing grounds for appeal.
10. 29 June 2022

    Culture shift for financial services as Conduct of Financial Institutions Bill passes

    The Financial Markets (Conduct of Institutions) Amendment Bill, has been passed in Parliament.
11. 28 June 2022

    FMA publishes NZX obligations annual review 2022

    Key findings of the Financial Markets Authority’s (FMA) - Te Mana Tātai Hokohoko annual NZX Market Operator Obligations Review, which reports on how well NZX is meeting the requirements for its market operator licence. The most recent report covers the period 1 January to 31 December 2021.
12. 23 June 2022

    Cyber security must be a priority for financial sector, FMA says

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet to help financial services firms enhance the resilience of their technology and operational systems, and meet any relevant licence obligations.
13. 20 June 2022

    FMA publishes Auditor Regulation and Oversight Plan 2022-2025

    The Auditor Regulation and Oversight Plan 2022-2025 plan sets out how the FMA aims to improve the audit quality of Financial Markets Conduct reporting entities.
14. 16 June 2022

    New Zealand investor confidence dips back to pre-COVID levels

    Confidence in New Zealand’s financial markets has slipped back in the past 12 months, after last year’s record score, but overall, two-thirds of investors remain confident.
15. 14 June 2022

    OnePath and Cigna admit to fair dealing breaches for credit card repayment insurance

    OnePath Life (NZ) Limited and Cigna Life Insurance New Zealand Limited will jointly pay $180,000 to the FMA after admitting liability for breaching the fair dealing provisions of the Financial Markets Conduct Act 2013 (FMCA).