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Found 1597 results. Displaying page 89 of 107

  1. 6 May 2022

    FMA issues stop order against The One Management GP Limited

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has today confirmed it has made a stop order against The One Management GP Limited regarding an offer in relation to The One Property LP¹ (the Fund), which is only available to wholesale investors, including eligible investors.
    Tags
    Enforceable Undertaking, Roles, Media release, Business, Managed investment schemes, News & Insights, Enforcement
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  2. 19 October 2022

    FMA warns InvestNow for AML/CFT deficiencies and failures

    FMA has issued a formal warning to InvestNow Saving and Investment Service Limited for failing to comply with anti-money laundering requirements.
    Tags
    AML/CFT, Client money or property services provider, Media release, Enforceable action, Roles, Formal warning, AML/CFT formal warning, Powers, Business, News & Insights, Enforcement
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  3. 5 June 2020

    ANZ Bank New Zealand Limited

    Details of three cases taken by the FMA against ANZ including false and misleading representations over credit card insurance charges alleged contraventions of the Fair Trading Act 1986 by ANZ in relation to the marketing, promotion and sale of interest rate swaps to rural customers from 2005 to 2009 and ANZ Bank New Zealand Ltd challenge of FMA's decision to disclose to third parties, documents the FMA has obtained from ANZ through the exercise of its statutory powers.
    Tags
    Enforceable action, Court – civil, Misleading statement, Powers, Enforcement
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  4. 21 December 2022

    NZICA publishes disciplinary outcomes relating to Wynyard audit by PwC

    FMA notes the New Zealand Institute of Chartered Accountants (NZICA) has released its disciplinary decisions arising from the 2015 PwC audit of the formerly NZX-listed Wynyard Group.
    Tags
    Media release, Offer disclosure for equity and debt offers, Roles, Business, News & Insights
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  6. 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
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  7. 18 July 2018

    Customers not the focus of replacement business at large insurers

    The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices.
    Tags
    Insurance, Media release, Consumer, News & Insights
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  8. 13 February 2015

    Action against non-filing of financial statements pays off

    A new report released today by FMA shows the proportion of companies filing their financial statements on time has improved significantly since the FMA’s initial review in 2014.
    Tags
    Media release, News & Insights
    Type
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  9. 5 April 2023

    Here’s why complaints are really 'moments of truth'

    Clare Bolingford, FMA Executive Director Regulatory Delivery talks about the value of complaints to financial services companies.
    Tags
    Banking, Conduct, Insurance Providers, Conduct of Financial Institutions Bill (CoFI), Business, News & Insights
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  10. 23 June 2023

    FMA publishes Climate Related Disclosure record keeping draft guidance for consultation

    The FMA has published three documents to support Climate Reporting Entities (CREs) in meeting their obligations under the new Climate Related Disclosure (CRD) reporting requirements.
    Tags
    Media release, Banking, Insurance Providers, Climate related disclosure, Financial Institutions, Managed Investment Schemes, Supervisors, Roles, Authorised body under a FAP, Business, Managed investment schemes, News & Insights
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  11. 9 September 2021

    ‘No action’ relief as a result of COVID-19

    COVID-19 is having a significant impact on many market participants. We recognise that this may lead to practical difficulties which affect their ability to meet their regulatory obligations. Where a market participant breaches, or expects to breach, a regulatory obligation as a result of the COVID-19 circumstances and seeks relief from the FMA, the primary approach we intend to take is ‘no-action’.
    Tags
    COVID-19, News & Insights
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  13. 22 January 2024

    Independent trustees

    You'll need a licence if you are appointed as an independent trustee of a restricted KiwiSaver scheme or a workplace superannuation or legacy scheme. Every restricted managed investment scheme must have at least one licensed independent trustee. See more about the licensing and registration and compliance obligations of independent trustees on this page.
    Tags
    Compliance, Independent trustee, Roles, Obligations, Licensing & registration, Business
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  14. 5 July 2024

    About

    The Financial Markets Authority regulates financial markets in New Zealand’s. We were established in 2011 as an Independent Crown Entity. Find out more about our purpose, board and leadership team, and how we regulate and enforce the law on this page.
    Tags
    Regulation, Business, FMA
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  15. 14 March 2011

    First QFEs Granted

    The first Qualifying Financial Entities (QFEs) licences have been granted signalling the next step in the implementation of the new financial advisers regulatory regime.
    Tags
    Media release, News & Insights
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