Search Results for: FMA New Zealand
FMA New Zealand reports: Guilty pleas entered in OPI Pacific Finance case
August 21st, 2015
FMA, New Zealand’s Financial Markets Authority, has issued a press release to inform that: Two former directors of OPI Pacific Finance, Mark Lawrence Lacy and Jason Robert Duncan Maywald, have today pleaded guilty to two charges under the Securities ...
FMA: New Zealanders underestimate investment risk and prefer lower risk investment options
October 15th, 2014
Research conducted for the Financial Markets Authority (FMA) shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident. The FMA ran the survey as part ...
FMA issues New Zealand’s first licence for peer-to-peer lending services
July 8th, 2014
The Financial Markets Authority (FMA) has issued its first peer-to-peer lending service licence. Auckland-based Harmoney is the first provider of this new financial service, under the provisions of the Financial Markets Conduct Act 2013. “This is a new service ...
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 ...
New Zealand confirms that selling Spot FX contracts, CFD and binary options to be licensed
April 3rd, 2017
The Financial Markets Authority has today confirmed that businesses selling short-duration derivatives need to be licensed. The Financial Markets Conduct Act introduced licensing for derivatives issuers in December 2014. The FMA has been reviewing how it regulates short-duration derivative ...
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 ...
