All posts tagged "FMA"
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534Australia & NZNew Zealand Financial Services Bill Puts Client Interests First
New Zealand has passed new legislation enabling a new framework for regulating financial advice. The new regime will come into effect in the first half of 2020.
April 10, 2019 -
742AML / KYCFMA Monitoring Report Reveals Multiple AML/CFT Deficiencies
New Zealand’s Financial Markets Authority has released a report highlighting failures in reporting entities' AML/CFT programmes, risk assessments and customer due diligence.
April 2, 2019 -
1.1KAsia-PacificAsia Region Funds Passport Goes Live
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
February 4, 2019 -
761Australia & NZNew Zealand FMA, NZX To Undertake Capital Markets Review
An industry working group established by the NZX and FMA and supported by EY will provide recommendations to increase the depth and attractiveness of New Zealand’s capital markets.
January 25, 2019 -
579Australia & NZFinancial System Risks Eased, but Higher Capital Necessary – RBNZ
Though domestic financial stability risks have abated, the RBNZ said higher bank capital requirements are necessary, while also easing mortgage lending curbs.
November 30, 2018 -
599Australia & NZ
New Zealand Banks Must Address Risks from Sales-Linked Incentives – FMA
The FMA expects banks to change sales-linked incentives, or explain how they will strengthen controls to address the risk of inappropriate sales.
November 19, 2018 -
1.1KAustralia & NZNZ Banking Conduct, Culture Review Finds ‘Significant Weaknesses’
But conduct and culture issues do not appear to be widespread at banks in New Zealand, the FMA and RBNZ said, citing only 'a small number of issues' related to poor conduct by bank staff.
November 5, 2018 -
520Australia & NZNikko Set to Enter New Zealand’s Robo Advice Market
New Zealand's FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.
August 29, 2018 -
492Australia & NZ
New Zealand FMA Work Plan to Focus on Conduct, Culture
New Zealand’s Financial Markets Authority expects firms to put customer interests first; work plan to focus on conduct, culture, governance.
August 16, 2018 -
421Australia & NZNew Zealand Court Jails Ponzi Scheme Operator for 7.5 Years
Over 900 investors were persuaded to invest over NZ$8mn with registered foreign exchange provider BlackfortFX, though the firm did not conduct any investment activity.
July 5, 2018
