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  1. 15 December 2022

    FMA warns Pencarrow Private Equity Management for AML/CFT record-keeping failures

    We have formally warned Pencarrow Private Equity Management Limited for breaching record-keeping requirements under the AML/CFT Act.
    Tags
    Media release, Enforceable action, Formal warning, AML/CFT formal warning, Powers, Investigations, Roles, Business, Managed investment schemes, News & Insights, Enforcement
    Type
    Page

  2. 19 January 2023

    FMA publishes fund manager risk assessment report

    The FMA has published its Managed Investment Schemes (MIS) Sector Risk Assessment, which analyses key risks in the funds management industry at a sector level.
    Tags
    Media release, Roles, Business, Managed investment schemes, News & Insights, Supervisor
    Type
    Page

  6. 18 May 2022

    Fund managers’ inconsistent performance measurement and cost of fees reduces benefits to investors

    The managers of New Zealand managed investment schemes (MIS or KiwiSaver/fund managers) are showing repeatable performance, relative to appropriate market indices. However, the benefits of their skill to investors in some funds is reduced by fees, and the costs of commission paid by managers to third parties.
    Tags
    Roles, Media release, Business, Managed investment schemes, News & Insights, Supervisor
    Type
    Page

  7. 28 March 2022

    FMA issues interim stop order to The One in Longhorn Partnership Fund

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today issued an interim stop order to The One Management GP Limited and James Law Realty regarding an offer in relation to The One in Longhorn Partnership Fund (‘the Fund’), which is only open to wholesale investors, including eligible investors.
    Tags
    Enforceable action, Roles, Media release, Business, Managed investment schemes, News & Insights, Enforcement
    Type
    Page

  8. 26 May 2022

    FMA releases record keeping information sheet for financial advice providers

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published an information sheet for financial advice providers (FAPs) about how they can demonstrate compliance with record keeping obligations.
    Tags
    Financial Advice Provider, Roles, Media release, Business, News & Insights
    Type
    Page

  9. 13 December 2021

    FMA cancels financial advice provider’s transitional licence

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has cancelled the transitional financial advice provider (FAP) licence of Wisdom House Investment Partners Limited, after its sole financial adviser engaged in serious misconduct at his previous employer.
    Tags
    Financial Adviser, Roles, Enforceable action, Media release, Business, News & Insights, Enforcement
    Type
    Page

  10. 17 November 2021

    FMA publishes implementation approach for climate-related disclosure regime

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its implementation approach for the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill (CRD Bill).
    Tags
    Legislation, Climate related disclosure, Media release, Business, News & Insights
    Type
    Page

  11. 9 February 2022

    FMA files court proceedings alleging insider trading relating to the sale of Pushpay shares

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed proceedings against two individuals for alleged insider trading in relation to the sale of shares in Pushpay Holdings Limited (NZX:PPH).
    Tags
    Insider trading, Offer disclosure for equity and debt offers, Roles, Media release, Business, News & Insights, Enforcement
    Type
    Page

  12. 4 November 2021

    Self-reporting issues to FMA does not provide immunity from litigation

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has laid its expectations for how firms under its supervision should deal with the regulator when day-to-day interactions evolve in the event of an enforcement process.
    Tags
    Monitoring, Media release, Business, News & Insights, Enforcement
    Type
    Page, Financial reporting

  13. 12 August 2021

    FMA accuses CEO of market manipulation for anonymous posts on investor forum

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has filed civil High Court proceedings against Matthew Geoffrey Hill, the Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited (NTL), for alleged information-based market manipulation and making false and misleading representations. The case relates to anonymous posts Mr Hill made about the company on the Sharetrader website’s online investor forum.
    Tags
    Cases, Directors, Roles, Offer information, Media release, Business, News & Insights, Enforcement
    Type
    Page

  14. 13 September 2021

    CLSAP (formerly KVB Kunlun) ordered to pay $770,000 for anti-money laundering breaches

    CLSA Premium New Zealand Limited (CLSAP NZ) has been ordered to pay a total pecuniary penalty of $770,000 for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA).
    Tags
    AML/CFT, Roles, Media release, Judgment, Business, News & Insights, Enforcement
    Type
    Page

  15. 11 May 2021

    Supreme Court rejects sentence appeal by PTT’s Steven Robertson

    The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has welcomed the Supreme Court’s decision to dismiss a sentence appeal by Steven Robertson of PTT Limited, bringing the matter to a close.
    Tags
    Media release, Consumer, News & Insights, Enforcement, Scams
    Type
    Page