Latest FMA New Zealand News

FMA publishes first monitoring insights report into Financial Advice Providers
Financial Advice Provider Monitoring Insights
Matthew Hill to pay $100,000 penalty for breaching financial markets legislation
Consultation: Class exemption renewal for disclosure of relevant interests by directors and senior managers, and NZCDC Settlement System
FMA files civil proceeding against individual for making alleged false or misleading representations and other breaches
New AML/CFT regulations – joint statement by AML/CFT Supervisors on supervisory approach
Guidance Note: For duty holders that are AML/CFT reporting entities
AML/CFT Customer Due Diligence: Trusts
No rest for the scammed: Recovery room fraudsters prey on past victims
AML/CFT Beneficial Ownership Guideline
AML/CFT Customer Due Diligence: Companies
FMA underlines importance of effective liquidity risk management for fund managers
FMA appoints Louise Unger as Executive Director, Response and Enforcement
FMA Cancels Crowdfunding Services Licence For Equitise
FMA introduces new standard condition on business continuity and technology systems plus new process for reporting operational incidents
FMA opens consultation on potential class exemption for certain green, social, sustainability, and sustainability-linked bonds
Gen AI: Industry engagement essential to understand how Gen AI is achieving positive consumer and market outcomes as well as how risks…
FMA warns Southern Cross Medical Care Society and Southern Cross Pet Insurance for Financial Markets legislation breaches
CBL managing director Peter Harris admits continuous disclosure and fair dealing contraventions and agrees Enforceable Undertaking
Natalie Carter sentenced to 12 months home detention for forgery and financial markets legislation offences
FMA files proceedings against Tower Limited for alleged fair dealing breaches
Speech by Samantha Barrass at Financial Advice New Zealand Thrive Conference
Yuen Pok (Paul) Loo sentenced for forgery and financial markets legislation offences
Speech by Samantha Barrass to the Financial Services Council Outlook 2024
Matthew Hill admits breaching Financial Markets legislation
Financial advice scam – James loses $600 in cold-calling swindle
CBL Corporation and four independent directors ordered to pay penalties for conduct including reckless and careless breaches of the Financial Markets Conduct Act
Changes to FMA executive leadership team
FMA warns of increase in fake product disclosure statement scams targeting New Zealanders
Former financial adviser pleads guilty to further dishonesty offences
FMA censures Go Financial Solutions for breaching its licence obligations
Investor Profile – Ayesha Scott
Accredited Body Report – CPA Australia
Accredited Body Report – New Zealand Institute of Chartered Accountants
FMA publishes 2023 annual report
FMA cancels Foundation Advice Limited’s financial advice provider licence
Medical Assurance Society to pay $2.1 million penalty for making false and misleading representations to customers
FMA finds continuous improvements to audit quality and warns against complacency
Audit Quality Monitoring Report
FMA opens consultation on fair outcomes for consumers and markets
FMA encourages New Zealanders to be aware of investment scams
FMA makes interim stop order against David McEwen and entities associated with him
FMA acknowledges insider trading sentence
CTRL Investments Limited issued infringement notice for late financial statements
Former financial adviser pleads guilty to dishonesty offences
Climate-related Disclosures – Scenario analysis information sheet
FMA reinforces importance of cyber-resilience for financial service providers
Key findings from 2022 re-licensing of Supervisors