FINANCIAL MARKETS AUTHORITY

    Enforcement

    New Zealand FMA Warns Kiwibank Over Flawed Customer Fee Controls

    By Sanday Chongo Kabange | 07/08/2025

    The FMA has formally warned Kiwibank for failures in its systems and controls leading to significant overcharging of customers over more than a decade.

    ESG / Sustainability

    New Zealand FMA Flags Widespread Flaws in Climate Disclosures

    By Sanday Chongo Kabange | 04/08/2025

    The FMA has criticised firms for vague risk disclosures and clarified that the regime mandates transparency, not specific climate action.

    New Zealand KiwiSaver Funds See 'Dramatic' Shift to Higher Risk: FMA

    By Sanday Chongo Kabange | 21/07/2025

    The FMA says the proportion of retirement funds in high-volatility category have quadrupled to over 40 percent since 2021, driven by multiple factors.

    New Zealand FMA Launches Review into Financial Advice Access

    By Sanday Chongo Kabange | 15/07/2025

    The FMA is examining barriers to advice, including subdued digital innovation, compliance costs, and adviser confidence under the new regime.

    AML / KYC

    New Zealand Authorities Launch New Anti-Scam Alliance

    By Sanday Chongo Kabange | 11/07/2025

    The initiative establishes a formal structure for government agencies, banks, telcos, digital platforms, and consumer groups to share data about scams and shut them down in real-time.

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    AML / KYC

    New Zealand FMA Issues Warning to Investors on Crypto Risks

    By Sanday Chongo Kabange | 03/07/2025

    The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.

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    AML / KYC

    New Zealand’s FMA Sets Out Priorities for the Coming 12 Months

    By Thisanka Siripala | 26/06/2025

    The FMA’s regulatory priorities for the financial sector focus on conduct, innovation, and consumer protection.

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    Market Infrastructure

    New Zealand FMA Gives NZX Top Marks in Latest Review

    By Sanday Chongo Kabange | 18/06/2025

    Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.

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    Securities / Derivatives

    NZ’s FMA Consults on Class Exemption for Debt Security Buybacks

    By Thisanka Siripala | 18/06/2025

    The exemption would allow listed issuers to bypass certain unsolicited offer requirements, provided alternative disclosure obligations are met.

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    Market Infrastructure

    New Zealand Council of Financial Regulators Undergoes Review

    By Sanday Chongo Kabange | 12/06/2025

    An independent review of the CoFR is underway to assess its effectiveness and make recommendations for improvement.

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