All posts tagged "FMA"
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563Australia & NZFMA New Zealand Apologises for Privacy Breach
The FMA identified 27 instances where complaints documents were accessed by internet searches through a portal on its website. Of these, 6 contained personal information.
November 9, 2019 -
643KoreaKorea Passes Legislation to Enable Asia Region Funds Passport
The legislative revision to implement the ARFP in Korea will take effect after six months, and will allow Korean funds to be eligible for offer in other member economies.
November 4, 2019 -
462Australia & NZ
Annual Report Shows FMA Exceeded Litigation Budget by 50pc
The government has approved a three-fold increase in the FMA’s litigation fund to NZ$6mn for the 2019/2020 year, a day before the annual report was released.
November 4, 2019 -
371Australia & NZUnauthorised New Zealand Adviser Jailed for 6 Years, 8 Months
The sentence follows a conviction in August of 38 charges relating to a multi-million dollar fraud, set up to fund a lavish lifestyle and targeting vulnerable individuals.
October 31, 2019 -
328Australia & NZ
New Zealand Delays Start of New Licensing Regime
The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
October 28, 2019 -
631AML / KYC
New Zealand FX Broker Issued Formal Warning for AML Violations
Forex brokerage Circle Markets Limited did not dispute the FMA’s findings, and its sole director admitted to not fully understanding his AML/CFT obligations.
October 21, 2019 -
452Australia & NZ
FMA Issues Draft Guidance on Responsible Investment
New Zealand’s FMA is seeking feedback on how responsible investment products should be described, labelled and promoted to investors.
September 30, 2019 -
873Australia & NZ
New Zealand to Introduce New Conduct Oversight Regime
New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.
September 27, 2019 -
367Australia & NZRBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk
RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.
September 18, 2019 -
405Australia & NZKiwiSaver Reform is Key to Boosting NZ Capital Markets: Report
Sponsored by the FMA and NZX, an industry working group has recommended changes to the KiwiSaver scheme, saying it will become the predominant pool of retirement savings over time.
September 10, 2019
