All posts tagged "FMA"
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428Australia & NZUnauthorised New Zealand Adviser Faces Lengthy Jail Term
A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.
August 20, 2019 -
421Australia & NZFMA Consults on Exemptions for New Financial Advice Regime
The FMA considers that it may be useful to continue existing exemption relief for Australian licensees and advisers already meeting ASIC requirements.
August 19, 2019 -
415Australia & NZWestpac NZ Refunds 93,000 Customers for Incorrectly Charged Fees
Westpac self-reported the incorrectly charged fees in December 2017, and has already completed a significant part of the work to reach and refund impacted customers.
August 7, 2019 -
431Australia & NZRBNZ Consults on New Regulatory Regime for FMIs
The RBNZ is consulting on a draft bill that sets out New Zealand's new regulatory regime for financial market infrastructures.
August 7, 2019 -
508Australia & NZ
New Zealand Implements Asia Region Funds Passport
New Zealand joins Australia, Japan and Thailand in having implemented the legal and regulatory requirements to enable the Asia Region Funds Passport.
July 29, 2019 -
567Australia & NZ
FMA to Open Applications for New Adviser Licences in November
Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.
July 26, 2019 -
685Australia & NZ
New Zealand FMA Sets Out Key Focus Areas, Strategic Objectives
The FMA is prioritising governance, culture, systems and controls, as well as mechanisms to deter misconduct and facilitate informed decision-making by investors and customers.
July 24, 2019 -
731Australia & NZ
New Zealand FMA Assesses Financial Sector Cyber Resilience
Market participants appear to be relying heavily on protective measures, while underinvesting in detection measures as part of their overall cyber-resilience, the FMA said.
July 19, 2019 -
502Australia & NZNZX Has Enhanced its Surveillance Function, says FMA
The NZX improved its market surveillance function in response to last year's FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.
July 1, 2019 -
606Australia & NZ
New Zealand Banks Commit to Ending Sales-Linked Incentives
FMA chief executive Rob Everett and RBNZ governor Adrian Orr have confirmed that all banks have committed to removing sales incentives for frontline staff and their managers.
June 25, 2019
