All posts tagged "James Greig"
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268Australia & NZNZ FMA Issues Record-keeping Guidance for Advice Firms
The FMA says a robust record keeping practice will enhance confidence in a financial advice provider's compliance framework.
May 30, 2022 -
465Australia & NZ
NZ FMA Censures Derivatives Issuer Over Suitability Checks
CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.
March 5, 2022 -
503Asia-Pacific
New Zealand FMA Approves First Passport Fund Under ARFP
NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.
January 26, 2022 -
340Australia & NZ
FMA Cancels Financial Advice Provider’s Transitional Licence
This was the first transitional licence cancelled by the FMA, due to “serious misconduct” by the company's sole financial adviser at a previous employer.
December 15, 2021 -
270Australia & NZ
NZ FMA Censures Jarden Securities for Client Money Breaches
OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.
October 19, 2021 -
220Australia & NZ
New Zealand FMA Censures Derivatives Issuer FIRMA NZ
Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were "persistent and systemic".
October 12, 2021 -
248AML / KYC
NZ FMA Toughens Approach to AML Non-Compliance
The FMA's James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
October 1, 2021 -
331AML / KYCFMA Identifies AML Breaches by Investment Platform Sharesies
The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.
August 24, 2021 -
254Australia & NZ
NZ FMA Issues Cyber Resilience Guidance for Financial Advisers
Under New Zealand's new financial advice regime, many individuals and entities have not previously been subject to compliance obligations for cybersecurity.
July 30, 2021 -
241Australia & NZ
NZ FMA Censures FoxPlan Over Unpermitted Financial Advice
FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.
July 29, 2021
