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  1. 14 May 2014

    FMA seeks comments on proposed class exemption to apply to initial public offers

    Consultation paper: FMA seeks comments on proposed class exemption to apply to initial public offers. The Financial Markets Authority (FMA) is planning to consult on a proposed class exemption for firms making initial public offers (IPOs). Read more.
    Tags
    Offer information, Consultations, Exemptions, Business
    Type
    Page

  2. 28 May 2015

    Receivers and managers appointed to Arena Capital / BlackfortFX

    The High Court in Christchurch has granted the Financial Markets Authority’s (FMA) application for Grant Graham and Neale Jackson of KordaMentha to be appointed as receivers and managers of Arena Capital Limited, trading as Blackfort FX (Arena/Blackfort). Read more.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  3. 31 July 2015

    FMA files civil proceedings against portfolio manager for alleged market manipulation

    The Financial Markets Authority (FMA) has issued civil proceedings in the High Court seeking pecuniary penalties against Mr Mark Warminger for trading carried out while employed by Milford Asset Management Limited (Milford). The trading occurred between December 2013 and August 2014.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  4. 1 February 2011

    Commission Takes Action Against Insured Group

    The Securities Commission has commenced civil proceedings against Insured Group Limited, formerly known as Lombard Group Limited, in relation to alleged breaches in 2007 and 2008 of the continuous disclosure provisions of the Securities Markets Act 1988. Read more.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  5. 18 May 2017

    Former financial adviser pleads guilty to four charges under Crimes Act

    Anthony Wilson, a former Registered Financial Adviser 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. Read more.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  6. 20 June 2011

    Statement on Hubbard Investigation

    The Financial Markets Authority (FMA) and the Serious Fraud Office (SFO) have worked together closely throughout this investigation. The evidence on which the charges laid by the SFO today are based could also give rise to charges by FMA under section 59 of the Securities Act.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  7. 6 July 2016

    KiwiSaver annual statements are being read but not acted upon

    The Financial Markets Authority has released the results of a survey conducted in May this year, to coincide with the time when most KiwiSaver investors are receiving their annual statements. The survey was responded to by 1,313 KiwiSaver investors, two thirds of the total sample.
    Tags
    KiwiSaver providers, Media release, Managed investment schemes, Roles, Business, News & Insights
    Type
    Page

  8. 27 September 2017

    FMA publishes annual report 2017

    The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment.
    Tags
    Governance, Media release, FMA, News & Insights
    Type
    Page

  9. 15 November 2012

    Release of PwC report into Ross Asset Management

    The Receivers and Managers' focus over the first five days of their appointment has been to identify and secure investment assets. After searching the custody accounts identified by Mr Ross and through wider searches in international investment markets, they have so far located investments of only $10.2 million. Read more.
    Tags
    Media release, News & Insights, Enforcement
    Type
    Page

  10. 14 September 2011

    FMA update on finance company investigations

    The Financial Markets Authority announced that investigations into 16 collapsed finance companies involving an estimated $3.45 billion of losses to investors were continuing, with decisions on the most advanced cases likely before the end of 2011. Read more.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  11. 8 June 2017

    FMA announces methodology for KiwiSaver fee disclosure

    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.
    Tags
    KiwiSaver providers, Media release, Managed investment schemes, Roles, Business, News & Insights
    Type
    Page

  12. 15 July 2016

    FMA discontinues proceedings against Archer and HIL

    The Financial Markets Authority (FMA) has elected to discontinue the proceeding against Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The defendants, Archer and HIL, have accepted that the FMA was justified in investigating the conduct that is the subject of this claim. Read more.
    Tags
    Media release, Cases, News & Insights, Enforcement
    Type
    Page

  13. 11 April 2017

    Guilty plea in insider trading case

    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. Read more.
    Tags
    Insider trading, Media release, Cases, News & Insights, Enforcement
    Type
    Page

  14. 17 December 2015

    Consultation paper: Proposed exemptions for existing property schemes

    Consultation paper: Proposed exemptions for existing property schemes. We are considering possible exemptions to address some of the issues faced by existing property schemes or syndicates in complying with certain requirements under the Financial Markets Conduct Act 2013 (FMC Act).
    Tags
    Client money or property services provider, Consultations, Exemptions, Roles, Business
    Type
    Page

  15. 11 October 2017

    Bank Bill Benchmark Rate guidance and overview published by FMA

    The Financial Markets Authority (FMA) published today guidance on conduct and expected controls in relation to trading that sets the Bank Bill Benchmark Rate (BKBM) and closing rates. Alongside this, the FMA is also publishing an overview of BKBM and benchmarks, their purpose and how they are regulated.
    Tags
    Banking, Media release, Business, News & Insights
    Type
    Page