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Media releases

Keep up to date with announcements, statements and media releases on the latest news.

For media enquiries please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: andrew.park@fma.govt.nz

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Found 325 results. Displaying page 1 of 17

  1. 9 June 2017

    FMA files charges under Crimes Act

    Media release MR No. 2017 - 269 June 2017 Two men appeared yesterday in the Tauranga District Court in relation to various charges filed by the FMA under the Crimes Act. Robert Ian South is charged with two counts of theft by a person in a special relationship, under section 220 of the Crimes Act 1961. This carries a maximum penalty of 7 years imprisonment. Murray Byron Provan is charged with two counts of obtaining by deception under Section 240 of the...


  2. 8 June 2017

    FMA announces methodology for KiwiSaver fee disclosure

    Media release MR No. 2017 –238 June 2017 The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers to understand the requirements of those regulations. The FMA today announced its decision on the methodology for calculating the fees charged to members by dolla...


  3. 8 June 2017

    Innovative Securities fails to overturn FSPR ruling

    Media release MR No. 2017 –258 June 2017 The High Court has dismissed an appeal by Innovative Securities Limited (Innovative Securities) against the Financial Markets Authority’s (FMA) decision to direct Companies Office, as the registrar of the Financial Services Provider Register (FSPR), to de-register the company from the FSPR. In his judgment, Moore J states that “the criticisms of the processes and reasoning of the FMA in determining that Inn...


  4. 18 May 2017

    Former financial adviser pleads guilty to four charges under Crimes Act

    Media release MR No. 2017 – 1917 May 2017 Anthony Wilson, a former Registered Financial Adviser yesterday pleaded guilty at the Auckland District Court to two charges of making a false document for pecuniary advantage.  The charges were filed by the Financial Markets Authority (FMA) under the Crimes Act. Mr Wilson earlier pleaded guilty to one charge of making a false document for pecuniary advantage and one charge of dishonestly using a document for...


  5. 5 May 2017

    KiwiSaver trial to target decision-making a decade out from retirement

    Media release MR No. 2017 – 158 May 2017 The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track...


  6. 1 May 2017

    Forestlands – update for investors

    1 May 2017 The FMA stated on March 22 that we had ongoing inquiries into the Forestlands companies.  Since that date we have referred some matters to the Serious Fraud Office. We will continue to complete our inquiries in relation to financial markets issues. During our inquiries we identified funds worth $18 million, and in agreement with Forestlands, these funds were placed in trust. This money remains in trust, earning interest. This decision to plac...


  7. 11 April 2017

    Guilty plea in insider trading case

    Media release MR No. 2017 – 1411 April 2017 An individual today pleaded guilty at the Auckland District Court to one charge of insider trading under section 243 Financial Markets Conduct Act - namely, being an information insider advising or encouraging another person to trade. That defendant will be sentenced at the Auckland District Court on 13 June 2017 at 2.15pm. The FMA has agreed to withdraw two obstruction charges under section 61 FMA Act. FMA...