Media releases – 51

Found 764 results. Displaying page 7 of 51

1. Media release

   21 July 2023

   Forestlands sole director, Rowan Kearns, sentenced for making false statements and financial reporting offences

   Rowan Kearns, the founder and sole director of the Forestlands group of companies, was sentenced yesterday to four months’ community detention and 100 hours’ community work with a 9pm – 7am curfew. The sentence follows a prosecution brought by the FMA filed in the Nelson District Court in September 2020.
2. Media release

   18 July 2023

   FMA publishes scenario analysis information sheet for Climate Related Disclosures regime

   The FMA has today released its scenario analysis information sheet to help climate reporting entities (CREs) meet their obligations under the Climate-Related Disclosures (CRD) regime.
3. Media release

   12 July 2023

   FMA releases standard condition for consultation to improve operational and cyber resilience

   FMA has released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders.
4. Media release

   5 July 2023

   FMA makes permanent stop order against Validus after appeal is dismissed in the High Court

   The FMA has made a permanent stop order (Order) that applies to Validus International LLC (Validus), Validus-FZCO, and associated persons of Validus.
5. 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.
6. Media release

   29 June 2023

   Tiger Brokers to pay $900,000 penalty for multiple AML/CFT Act breaches

   The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), in proceedings brought by the FMA.
7. Media release

   28 June 2023

   NZX meets all its requirements as the market operator – FMA annual review

   NZX has complied with its obligations as a market operator, a report by the FMA has found. 
8. Media release

   26 June 2023

   FMA publishes final guidance for the intermediated distribution of financial products

   The FMA today published its final guidance for financial institutions that distribute products and services through intermediaries as part of the Conduct of Financial Institutions (CoFI) regime.
9. Media release

   23 June 2023

   FMA publishes Climate Related Disclosure record keeping draft guidance for consultation

   The FMA has published three documents to support Climate Reporting Entities (CREs) in meeting their obligations under the new Climate Related Disclosure (CRD) reporting requirements.
10. Media release

    16 June 2023

    FMA warns New Zealanders of comparison website harvesting investor details

    FMA is urging New Zealanders to exercise extreme caution when dealing with a phony interest rates comparison website. The FMA believes the website is harvesting users’ personal information for criminals to sell fake investments.
11. Media release

    12 June 2023

    FMA reaches agreement with CBL Corporation and four independent directors on continuous disclosure breaches

    FMA has reached agreement with CBL Corporation Limited (In Liquidation) (CBLC) and four of its former directors in respect of the FMA's claims of continuous disclosure breaches and misleading conduct.
12. Media release

    8 June 2023

    FMA files proceedings against AA Insurance for alleged fair dealing breaches

    FMA has filed civil proceedings against AA Insurance Limited (AAI) for failing to apply multi policy and membership discounts, as well as guaranteed no claims bonuses to eligible customers’ premiums,
13. Media release

    1 June 2023

    FMA files proceedings against Medical Assurance Society over fair dealing provision breaches

    FMA has filed High Court proceedings against Medical Assurance Society New Zealand Limited (MAS) and its subsidiaries for fair dealing breaches under section 22 of the Financial Markets Conduct Act 2013 (FMC Act).
14. Media release

    23 May 2023

    FMA files criminal charges against Yuen Pok (Paul) Loo

    FMA has filed criminal charges against Yuen Pok (Paul) Loo following offences under financial markets legislation.
15. 10 May 2023

    FMA censures Aurora Financial Group Limited for misleading clients

    FMA has censured Aurora Financial Group Limited (Aurora Financial) for misleading existing and potential clients about KiwiSaver returns.