Financial Markets Authority stories
Kiwis turn to crypto over home ownership for financial freedom
Mon, 10th Jun 2024
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cryptocurrency
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blockchain
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cloud services
New research by Protocol Theory and Easy Crypto shows growing interest among New Zealanders in cryptocurrencies as an alternative to traditional home ownership, with nearly half considering investing.
The wild west of cryptocurrency fraud & How Kiwis are getting stung
Fri, 11th Feb 2022
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cryptocurrency
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blockchain
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email security
Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.
Cryptocurrency conundrum: Reserve Bank & IR fumble in the dark
Mon, 26th Aug 2019
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cryptocurrency
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blockchain
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facebook
Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.
Trans-Tasman fintech bond tightened with refreshed focus on innovation
Fri, 20th Oct 2017
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fintech
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financial markets authority
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fintech australia
ASIC and New Zealand's FMA reinvigorate their fintech collaboration, focusing on innovation in financial services, regulation, and cross-jurisdictional support.
Capital + Merchant trustee stoush back in court
Mon, 13th Apr 2015
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financial markets authority
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serious fraud office
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high court
Lawyers acting for Perpetual Trust and law firm Stace Hammond are seeking access to documents and communication covered by legal privilege in dispute.
FMA found nothing untoward in SkyCity share trading before casino statement
Thu, 9th Apr 2015
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nzx
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skycity
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financial markets authority
The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of a government announcement t.
'Unresponsive' Pyne Gould censured again by NZX Tribunal
Tue, 7th Apr 2015
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nzx
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financial markets authority
Pyne Gould Corp, whose 2014 accounts are being looked into by the Financial Markets Authority, has been censured by the NZ Markets Disciplinary Tribun.
NZ Super Fund suspends Milford's mandate as FMA probe continues
Thu, 2nd Apr 2015
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cloud services
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new zealand superannuation fund
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financial markets authority
The Guardians of New Zealand Superannuation, tasked with managing the New Zealand Superannuation Fund, has suspended its investment mandate with Milfo.
Update: Hotchin settles with Perpetual before appeal to draw into FMA case
Thu, 26th Mar 2015
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fintech
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allied farmers
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financial markets authority
Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leav.
Hotchin drops Perpetual in appeal case
Thu, 26th Mar 2015
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fintech
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allied farmers
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financial markets authority
Mark Hotchin, principal of failed finance company Hanover, has abandoned his appeal against Perpetual Trust to include them in the Financial Markets A.
FMA lifts head count to 170 staff as it probes new areas
Thu, 19th Mar 2015
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edutech
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licensing
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financial markets authority
The New Zealand Financial Markets Authority has hired 170 staff and plans to invest in technology to fulfill its regulatory role.
FMA warns Wellington brokerage over late money laundering, counter terrorism audit
Thu, 12th Mar 2015
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apm
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risk & compliance
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software development
The Financial Markets Authority, the capital markets regulator, has issued a formal warning to MSL Capital Markets after the Wellington brokerage's la.
Market regulators NZX and FMA defend disclosure by companies involved in 1080 threat
Wed, 11th Mar 2015
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nzx
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financial markets authority
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trading
Market regulators, the NZX and the Financial Markets Authority, say they're confident the approach they took to disclosure of the 1080 contamination t.
Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln
Sat, 28th Feb 2015
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shares
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pyne gould
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financial markets authority
Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adj.
FMA looking into Pyne Gould's accounts after company says most of 2014 profit wasn't received
Mon, 2nd Feb 2015
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pwc
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nzx
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pyne gould
Pyne Gould Corp's 2014 accounts are being looked into by the Financial Markets Authority after the asset management firm controlled by managing dir.
VMob hastens to squash rumours of insider trading
Mon, 2nd Feb 2015
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risk & compliance
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vmob
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financial markets authority
VMob Group has released a statement acknowledging the market speculation regarding certain VMob directors and insider trading.
Britannia takes down TV ads, working with FMA over UK pension ads
Fri, 19th Dec 2014
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risk & compliance
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advertising
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tax
Britannia pauses TV ads and adjusts its website after FMA concerns over UK pension transfer campaigns causing undue pressure on consumers.
FMA warns against misleading UK pension scheme transfers advertising
Thu, 18th Dec 2014
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financial markets authority
The Financial Markets Authority is warning against misleading advertising about transferring UK pension scheme entitlements to New Zealand to avoid.
Crown Asset Management discontinues South Canterbury Finance claim
Thu, 18th Dec 2014
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government
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financial markets authority
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serious fraud office
Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guara.
FMA leaves civil claim against SCF to Crown Asset Management
Wed, 17th Dec 2014
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government
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financial markets authority
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serious fraud office
The Financial Markets Authority won't chase South Canterbury Finance in a civil claim, saying it can't justify the cost of doing so and leaving it.