1. Search Results


Show advanced search

Found 2707 results. Displaying page 1 of 136

  1. 19 March 2015


    You are welcome to use material from this website as long as its source is acknowledged. Authorisation to use any material on this site that is subject to copyright of a third party must be obtained from the copyright holder.


  2. 19 October 2015

    What we offer

    #1735 As a member of the FMA team, you’ll take part in cutting-edge regulatory work that benefits all New Zealanders. We have a clearly defined strategic focus and offer challenging, interesting work and diverse learning opportunities. Because we often work in cross-functional project teams, there’s lots of opportunity to meet and work alongside a range of different people, with the opportunity to up skill on the job. Aside from the learning opportunities...


  3. 12 November 2015

    Who needs to comply

    Generic Content Who needs to comply All auditors and audit firms who perform issuer audits will need to comply with the Auditor Regulation Act 2011. Individuals who perform issuer audits will need to hold a licence. Audit firms who perform issuer audits must be registered, and must ensure that for each issuer audit: the engagement partner holds a licence an individual who carries out the quality control review of key decisions and judgements (before the repo...


  4. 21 November 2016

    Regulatory reporting

    The purpose of annual reporting is to collect information from the market to help us understand the people and businesses we regulate.  It ensures our information is current and it helps us to prioritise our future monitoring and regulatory activities. The purpose of annual reporting is to collect information from the market to help us understand the people and businesses we regulate.  It ensures our informatio...


  5. 30 September 2014

    FMA issues warning about General Equity

    Media ReleaseMR No. 2014 – 03130 September 2014 The Financial Markets Authority (FMA) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercises extreme caution when dealing with General Equity, the full warning is available here. FMA considers that General Equity has engaged in misleading and deceptive conduct, including the way it has represented how it is regulate...


  6. 5 December 2013

    FMA releases stakeholder feedback report

    News release5 December 2013 The Financial Markets Authority (FMA) today released the findings of the 2013 FMA stakeholder feedback report. The report looked at FMA’s progress since its establishment on 1 May 2011 and surveyed stakeholder views on the following topics: key achievements and shortcomings of FMA’s work to date gaps in FMA’s activities or mandate organisational capabilities of FMA prioritisation of key shortcomings and gaps to be addressed priorities for FMA going forward ...


  7. 16 August 2013

    Dominion Finance directors sentenced

    Media Release16 August 2013 Three former directors of Dominion Finance and North South Finance have today been sentenced to home detention following a prosecution taken by the Financial Markets Authority (FMA).Vance Eric Arkinstall, who pleaded guilty to five Securities Act charges including making untrue statements in offer documents, was sentenced to 10 months home detention and 200 hours of community work.Richard Gilbert Bettle, who pleaded guilty to five Securities Act charges including ma...


  8. 19 April 2013

    Five Star finance saga draws to a close with prison sentence for Neill Williams

    Media Release19 April 2013 Neill Williams has this afternoon been sentenced to three years and seven months’ imprisonment for his role in the collapse of the Five Star finance companies, more than two and a half years after he pleaded guilty to the charges.Mr Williams pleaded guilty to three charges of making a false statement in a registered prospectus, one charge of making false or misleading statements in financial statements and 12 charges of offering securities to the public for subscri...


  9. 6 November 2012

    Receivers and Managers appointed to Ross Asset Management

    Media Release6 November 2012 The High Court in Wellington has today granted FMA's application for John Fisk and David Bridgman of PwC to be appointed as receivers and managers, along with experienced brokers from First NZ Capital, to manage the business of David Ross and Ross Asset Management. The decision follows the freezing of the assets of Mr Ross last Friday after FMA received a number of complaints regarding the delayed or non-payment of investors. Mr Fisk and Mr Bridgman have now steppe...


  10. 27 July 2012

    FMA welcomes National Finance guilty verdict

    Media Release27 July 2012 The Financial Markets Authority has today welcomed the guilty verdict of National Finance director Carol Braithwaite. Ms Braithwaite was this morning found guilty on one charge of making untrue statements in a prospectus for National Finance 2000 Ltd. FMA Head of Enforcement Belinda Moffat said, "The decision should act as a reminder for what is reasonably expected of directors in their governance role and disclosure document obligations." "A high level of professiona...


  11. 14 March 2012

    FMA to issue revised draft guidance note on effective disclosure in offer documents

    Media Release14 March 2012 The Financial Markets Authority will publish a revised draft of its guidance note by 2 April 2012 and invites further submissions from the market. The first round of market consultation, completed 9 March, consisted of 30 stakeholder meetings. FMA also received over 60 written submissions and is now reviewing and carefully considering all feedback. FMA CEO Sean Hughes said "We are impressed with the quality and depth of submissions received and considered to date....


  12. 30 September 2011

    Canterbury advisers rise to the challenge

    Media Release30 September 2011 76 Canterbury financial advisers have met an extended regulatory deadline to become Authorised Financial Advisers (AFAs). Due to the disruption caused by earthquakes, Canterbury advisers were given until 1 October to be authorised to advise on investment products and offer services such as financial planning. Elsewhere in New Zealand, advisers had a 1 July deadline. 97 Canterbury advisers met the July deadline. FMA Head of Primary Regulatory Operations Sue Brown...


  13. 1 May 2011

    Financial Markets Authority Aims to Restore Investor Confidence

    Media Release1 May 2011 Restoring investor confidence in New Zealand's financial markets is the major goal of the new Financial Markets Authority which was formally established today. FMA chairman, Simon Allen, said New Zealand's economic prospects depended on lifting international and domestic investor confidence in the country's capital markets. "Broadening and deepening our financial markets to ensure local businesses have access to the capital they need to grow is our overriding objective,...


  14. 1 December 2010

    Financial Advisers Regulatory Regime Comes Into Force

    (Media releases from the Securities Commission)1 December 2010 The new regulatory regime for financial advisers begins today, with the first Authorised Financial Advisers receiving their certificates of authorisation at a ceremony in Auckland from Commissioner for Financial Advisers, David Mayhew. The regulatory regime will be phased in between today and 1 July 2011. David Mayhew congratulated the new Authorised Financial Advisers (AFAs) for their commitment to professionalism in being the fir...


  15. 7 July 2010

    Dominion and North South Finance Directors Charged

    (Media releases from the Securities Commission)7 July 2010 The Securities Commission has laid criminal charges and issued civil proceedings against Dominion Finance Group Limited and North South Finance Limited directors Vance Arkinstall, Richard Bettle, Terence Butler, Ann Butler, Paul Forsyth and Robert Barry Whale. These proceedings follow extensive investigations by the Commission since Dominion Finance Group went into receivership on 9 September 2008 owing approximately $176.9 million...


  16. 26 November 2014

    New Chair of Financial Markets Authority

    Paul Goldsmith26 November, 2014 Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Murray Jack as the new chair of the Financial Markets Authority (FMA). “I am very pleased that Mr Jack has agreed to take on this crucial role,” Mr Goldsmith says. “With extensive experience in both senior management and governance roles in the financial sector, Mr Jack has good credentials to chair the FMA. Mr Jack is former chair of the board of Deloitte New Zealand...


  17. 28 August 2013

    Financial Markets Conduct Bill passes third reading

    Craig Foss28 August 2013 Commerce Minister Craig Foss has today welcomed the passage of major law reform aimed at improving financial market conduct and restoring investor confidence in New Zealand’s financial markets. “The passage of the Financial Markets Conduct Bill today is a significant milestone and the result of a comprehensive review of securities law. It addresses the lessons from the global financial crisis and the failure of finance companies and also picks up many of the rec...