OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
FMA Publishes NZX Obligations Annual Review
NZX met its statutory obligations as a licensed market operator for the period 1 January to 31 December 2019, according to the Financial Markets Authority (FMA)’s annual review. The NZX General Obligations Review, published by…
FMA Opens Consultation on Standard Conditions for Full…
The Financial Markets Authority (FMA) has opened consultation on the proposed full licence standard conditions for Financial Advice Providers, as part of the new financial advice regime. The FMA is considering eight standard conditions for full…
FMA Reports Steady Progress on Financial Advice Transitional…
The Financial Markets Authority (FMA) has said preparations for the new financial advice regime continue to progress despite the disruption caused by COVID-19. The regulator has approved almost 800 transitional licence applications, representing around 5,500…
FMA Suspends EncoreFX Licence Following Voluntary Administration
The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of EncoreFX (NZ) Limited after the business was put into voluntary administration by its Canadian parent. While the licence is suspended, EncoreFX will still…
FMA Files Civil Proceedings Against CBL Corporation, Its…
The FMA has issued two sets of civil proceedings in the Auckland High Court against CBL Corporation Limited (In liquidation) (CBLC), the six directors and the chief financial officer alleging multiple breaches of the Financial…
FMA Apologises for Privacy Breach
The FMA today apologised for a privacy breach that meant complaints documents sent to the regulator between 2015 and 2017 were potentially accessible via internet searches. FMA Chief Executive Rob Everett said the issue was…
KiwiSaver Providers Respond on Member Engagement But Little…
The Financial Market Authority (FMA) has today published its annual KiwiSaver report for the year to the end of March 2019, showing a welcome increase in default member engagement, but few signs of a reduction…
FMA and RBNZ Disappointed with Insurers’ Response to…
The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) today released their findings on life insurers’ responses to the joint Conduct and Culture Review. Overall, the regulators were disappointed by the responses.…