All posts tagged "FMA"
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493Australia & NZFMA Issues Draft Guidance on Responsible Investment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 -
952Australia & 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 -
408Australia & 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 -
445Australia & 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 -
676Australia & NZANZ New Zealand to Review Internal Financial Reporting Processes
The FMA has determined that ANZ should have disclosed the sale of a luxury property to its ex-CEO’s wife at below-market prices as a related party transaction.
August 23, 2019 -
454Australia & 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 -
465Australia & NZ
FMA 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 -
559Australia & 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 -
470Australia & NZ
RBNZ 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 -
563Australia & 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
