Search Results for: FMA New Zealand
FMA and NZX sign Memorandum of Understanding
January 28th, 2015
The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU). The MoU sets out the framework for engagement and co-operation between the FMA and NZX, taking into account their complementary regulatory responsibilities for ...
New Chair of Financial Markets Authority
November 26th, 2014
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Murray Jack as the new chair of the Financial Markets Authority (FMA). “I am very pleased that Mr Jack has agreed to take on this crucial role,” ...
FMA: New regulations approved to deliver a new era in financial markets
November 5th, 2014
The Financial Markets Authority (FMA) welcomes today’s announcement from Commerce and Consumer Affairs Minister Paul Goldsmith, confirming the approval of the phase two regulations of the Financial Markets Conduct Act. The regulations come into effect on 1 December 2014. ...
FMA warns consumers about cold-calling investment offers and ‘big win’ scams
October 23rd, 2014
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. The FMA is receiving an increasing number of complaints about ...
FMA issues warning about General Equity
September 30th, 2014
The Financial Markets Authority (FMA) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercises extreme caution when dealing with General Equity. FMA ...
FMA fined trader with $130,000
August 7th, 2014
The Financial Markets Authority (FMA) announced that trader Brian Peter Henry was fined by the regulator with the amount of $130,000 after he admitted the allegations he was charged. Brian Peter Henry has admitted all of the Financial Markets Authority’s ...
FMA and SFO sign MOU to improve agency cooperation
July 30th, 2014
The Financial Markets Authority, has announced a cooperation with the Serious Fraud Office iby signing a Memorandum of Understanding. In this way, both regulators continue their efficient action against unauthorised firms. Police Minister Anne Tolley and Commerce Minister Craig ...
International Audit Regulators Call For Measurable Improvement
March 15th, 2016
The pace of audit quality improvement is too slow and measureable improvement is needed, an international survey concluded. The Independent Forum of Independent Audit Regulators (IFIAR) issued the results of their annual inspections findings survey this week. In response ...
Receivers and managers appointed to Arena Capital / BlackfortFX
May 28th, 2015
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). The decision, ...
Phase two of financial markets law completes long-term overhaul
November 28th, 2014
The second phase of New Zealand’s new capital markets and financial services law takes effect from Monday (1 December). Phase two includes licensing provisions that extend to several hundred further businesses, and a major shift in the quality of ...
