Search Results for: FMA
FMA commentary on ICOs and cryptocurrencies
October 25th, 2017
The Financial Markets Authority (FMA), a regulatory authority for the capital markets and financial services in New Zealand, has published commentary on initial coin offers (ICOs) and cryptocurrency services alongside online resources for investors. Innovation is increasingly shaping financial ...
FMA allows personalised robo-advice
October 18th, 2017
The Financial Markets Authority (FMA), a regulatory authority for financial services in New Zealand, has issued an announcement to inform that has decided to grant an exemption to enable personalised robo-advice and is publishing the responses to its earlier ...
Robo-advice has been increasingly adopted; FMA seeks feedback on robo-advice exemption
June 21st, 2017
The Financial Market Authority (FMA) of New Zealand has released today an announcement to get feedback on robo-advice exemption. According the announcement issued, the FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice ...
The FMA warns: the number of dubious providers in the Austrian financial market remains high
June 7th, 2017
Austria’s independent, autonomous and integrated supervisory and resolution authority FMA informs in relation to Austrian financial market Investor Warnings issued. According the announcement: In 2016, the FMA initiated a total of 162 investigations in relation to the combatting of unauthorised ...
FMA updates Strategic Risk Outlook and sets course for new era in conduct regulation
February 15th, 2017
Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent ...
FMA warns against OptionsXO
February 8th, 2017
The Financial Markets Authority (FMA) of New Zealand has issued a warning to inform investors and public in relation of conducting business with OptionsXO http://www.optionsxo.com/. AS FMA reports, the notice by the Australian Securities and Investment Commission (ASIC) warns ...
FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act
February 8th, 2017
The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting ...
GFMA Global FX Division reinforces its global footprint with new member, Scotiabank, and key appointments
October 11th, 2016
The GFMA’s Global FX Division announced the addition of Scotiabank as a new Board member, bringing its total membership to 25 foreign exchange market participants – representing over 85% of the FX dealer market. The Global FX Division promotes ...
European recognition of FMA oversight of auditors
August 30th, 2016
The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union. With this announcement, the Commission has concluded that the New Zealand ...
FMA is investigating Forex trading provider
June 6th, 2016
The Financial Markets Authority (FMA) is investigating a complaint received in relation to Morgan Cooper Limited (MCL) and a Mr Rodney McCall (aka Rodney Crichton) for potential contraventions of financial markets legislation. MCL purports to offer foreign exchange currency ...
