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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 303 results. Displaying page 1 of 16

  1. 22 March 2017

    FMA Statement on Forestlands

    Media Release MR No. 2017 – 10 22 March 2017 The FMA has received complaints from various investors in Forestlands. This is a series of companies called Forestlands, numbered 2 through to 12 and 14 through to 20. There is a total of 18 companies. Forestlands has recently sold all its forestry assets. We have identified $18 million which Forestlands say is to be paid to all its investors. That money has been placed in a trust account after our discussio...

    https://fma.govt.nz/news/media-releases/fma-statement-on-forestlands/

  2. 20 February 2017

    The Financial Markets Authority publishes its first Conduct Outcomes Report

    Media release MR No. 2017 – 05 20 February 2017 The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of the broad range of conduct regulation powers available under the Financial Markets Conduct Act 2013. Key ac...

    https://fma.govt.nz/news/media-releases/the-financial-markets-authority-publishes-its-first-conduct-outcomes-report/

  3. 15 February 2017

    FMA updates Strategic Risk Outlook and sets course for new era in conduct regulation

    Media Release MR No. 2017 – 04 15 February 2017 Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential harms to financial markets. Those priorities an...

    https://fma.govt.nz/news/media-releases/fma-publishes-updated-strategic-risk-outlook-and-sets-course-for-new-era-in-conduct-regulation/

  4. 8 February 2017

    FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act

    Media Release MR No. 2017 – 02 8 February 2017  The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and AML/CFT programme by 25 Nove...

    https://fma.govt.nz/news/media-releases/fma-warns-firms-under-anti-money-laundering-and-countering-financing-of-terrorism-act/

  5. 2 February 2017

    The FMA’s guide designed to help providers focus on good conduct

    Media release MR No. 2017 – 01 2 February 2017 Today the FMA published the final version of the guide into the FMA’s view of conduct. The FMA has also published submissions from industry, considered as part of the consultation process. The Financial Markets Conduct Act’s focus on conduct is a significant shift in financial services regulation. It means the FMA will assess providers based on their conduct, which is what their customers experience fr...

    https://fma.govt.nz/news/media-releases/the-fmas-guide-designed-to-help-providers-focus-on-good-conduct/

  6. 13 December 2016

    Consultation complete on FMA’s conduct guide: final document to be published in new year

    Media releaseMR No.2016 – 3813 December 2016 Earlier this year the FMA consulted on a guide on good conduct, signalling to New Zealand financial services providers what to expect from interaction and engagement with the conduct regulator. With a broad range of industry submitting, the process has given the FMA valuable insight into how New Zealand financial services providers view the topic of conduct regulation in general; and the intent and content o...

    https://fma.govt.nz/news/media-releases/consultation-complete-on-fmas-conduct-guide-final-document-to-be-published-in-new-year/

  7. 8 December 2016

    FMA releases AML/CFT monitoring report

    Media AdvisoryMR No.2016 – 3708 December 2016   The FMA has today published its third annual AML/CFT monitoring report.  Reporting entities (REs) are required to file annual reports by 31 August each period, for the year ending 30 June. Data collected from these reports helps to inform the FMA’s risk-based approach to monitoring the market and understand what business activities the REs carried out. The 2016 report shows some progress in REs meetin...

    https://fma.govt.nz/news/media-releases/fma-releases-amlcft-monitoring-report/

  8. 1 December 2016

    The end of the beginning for the new regime in financial services

    Media releaseMR No.2016 – 361 December 2016 A decade in the making, today marks the beginning of a new era in the regulation of New Zealand’s financial markets. The introduction of a stronger regime overseeing financial markets, based on the good conduct of providers, has been in train since before the establishment of the Capital Markets Development Taskforce in 2008. The Financial Markets Authority has been implementing this regime since the Financ...

    https://fma.govt.nz/news/media-releases/the-end-of-the-beginning-for-the-new-regime-in-financial-services/

  9. 28 November 2016

    FMA releases Audit Quality Monitoring report

    Media release MR No.2016 – 3528 November 2016 The FMA’s 2016 Audit Quality Report reflects that improvements continue to be made in audit quality.  The report shows the sector is increasingly aligned with the expectations of the FMA and international auditing standards and global best practice. However, it also notes that files reviewed still show that further improvement is necessary. The FMA is required under the Auditor Regulation Act 2011 to re...

    https://fma.govt.nz/news/media-releases/fma-releases-audit-quality-monitoring-report/

  10. 16 November 2016

    Minister Collins to open Fraud Film Festival

    Media release MR No. 2016 – 34 16 November 2016 The inaugural International Fraud Film Festival will be opened by Hon Judith Collins, the Minister responsible for the Serious Fraud Office, on Friday, 18 November at Auckland’s Q Theatre.  The festival concludes this year’s Fraud Awareness Week. The Fraud Film Festival is designed to bring the issue of fraud, and other forms of financial crime, alive in the New Zealand context through the medium of...

    https://fma.govt.nz/news/media-releases/minister-collins-to-open-fraud-film-festival/

  11. 15 November 2016

    When strangers call bearing investment gifts: hang up

    Media releaseMR No. 2016 – 3315 November 2016 Cold calls from strangers about investment opportunities are not only sure-fire losers, but illegal, and the Financial Markets Authority says the best response is the dial tone. As part of International Fraud Awareness Week, the FMA is warning consumers to be aware of fraudsters and protect themselves, having noticed an increase in cold-calling and ‘boiler-room’ scams.  These scams are not just affecti...

    https://fma.govt.nz/news/media-releases/when-strangers-call-bearing-investment-gifts-hang-up/

  12. 4 November 2016

    Minister announces more funding for FMA work

    4 November 2016 The FMA has acknowledged the announcement by Commerce and Consumer Affairs Minister Paul Goldsmith of government approval to increase FMA funding. See Ministers announcement here. This is the first review of the FMA’s funding since its establishment in 2011 and since the passing of the FMC Act in 2013. The Government has approved an increase in funding of $9.8 million. While the Crown and levy payers will continue to share the costs of...

    https://fma.govt.nz/news/media-releases/minister-announces-more-funding-for-fma-work/