Media releases – 215

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1. 18 December 2018

   Two men convicted on Crimes Act charges

   Robert Ian South and Murray Byron Provan have been found guilty at Tauranga District Court on charges filed by the FMA. Read more.
2. 17 December 2018

   Explaining fees and products key for consumers

   We have released survey into consumers’ experience of providers’ conduct. The survey found that New Zealanders are relatively satisfied with their financial providers, with consumers feeling they are treated fairly (70%), and with respect (72%).
3. 5 December 2018

   Accredited Body Reports - NZICA and CPA Australia Published - December 2018

   We published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia.
4. 30 November 2018

   FMA reports on Wynyard investigation

   FMA has published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing obligations.
5. 28 November 2018

   Public warning –Brian (John) Ferguson

   The Financial Markets Authority (FMA) has issued a public warning about Brian Ferguson, a registered financial adviser from Palmerston North.
6. 26 November 2018

   FMA publishes 2018 Audit Quality Report & Directors’ Guide

   The FMA's Audit Quality Report 2018 expresses concern at the continued inconsistencies in audits provided by the same firm, while noting the overall quality of audits has improved in recent years.
7. 23 November 2018

   Peer-to-peer lending/crowdfunding 2018 data published

   The FMA today published its second statistical report on peer to peer lending and crowd funding in New Zealand. The industry is required to submit an annual information return each year.
8. 15 November 2018

   Incentives for bank staff too highly focused on sales - November 2018

   The Financial Markets Authority (FMA) published Bank Incentive Structures, its thematic review of how banks in New Zealand incentivise their staff. The report sits alongside the recently published joint FMA/Reserve Bank of New Zealand Conduct and Culture review of New Zealand’s banks.
9. 14 November 2018

   Supporting family and friends who have been scammed

   The FMA advises the best way to support a family member or friend who has been scammed.
10. 12 November 2018

    CBL Investigation update

    FMA continues to liaise with the Reserve Bank of New Zealand and Serious Fraud Office, the voluntary administrator of CBL, the liquidator of CBL insurance as well as overseas regulators.
11. 5 November 2018

    FMA and RBNZ report on bank conduct and culture

    FMA and RBNZ have completed their joint review into the conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand.
12. 29 October 2018

    Exemption passed to enable disclosure documents in English and te reo Maori

    FMA has granted a class exemption to enable companies who offer investments to publish product disclosure statements (PDS) in both te reo Māori and English (dual-language PDS).
13. 25 October 2018

    FMA publishes annual report 2018

    FMA annual report for the financial year ending June 30 2018. The report highlights a number of key activities that took place in the year, including the launch of the joint FMA/RBNZ Culture and Conduct review of banks and life insurers.
14. 12 October 2018

    FMA update on Forestlands

    The FMA has decided not to seek costs arising from its application to put the Forestlands companies 2-12 and 14-20 into liquidation.
15. 9 October 2018

    KiwiSaver nears $50 billion in 2018

    KiwiSaver continues to grow steadily according to the FMA’s 2018 KiwiSaver report.