Wednesday, May 22, 2019

Tag: FMA

FMA Cracks Down on FSPR Abuse 

Morgan DeVere Corporate Finance has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP...

Suncorp NZ Confident in Strategy for Regulatory Change

Suncorp New Zealand has revealed it has established a specific program of work, to address the issues raised in the FMA/RBNZ conduct and culture...

Government Considers Capping Commissions

The Government is considering the possibility of capping upfront and/or trail commissions for intermediaries of insurers and banks and banning products that lead to...

FMA Updates Adviser FAQs

The Financial Markets Authority has updated the FAQs section of its website, to reflect the questions raised during the recent Financial Services Council summits. Questions...

Insurtechs Aim to Solve Industry Challenges 

Insurtech companies are looking to improve customer experience, according to a report commissioned by InsurtechNZ, a working group created by FintechNZ, and are focused...

FSLAB Passed

The Financial Services Legislation Amendment Bill passed through Parliament yesterday afternoon. Commerce and Consumer Affairs Minister, Kris Faafoi, said, "The changes we will now put in...

Adviser Breaches AFA Code of Conduct

The Financial Advisers Disciplinary Committee (FADC) has published its findings in a case referred to the Committee by the FMA. According to the findings, the...

News in Brief

FMA Update on Conduct and Culture Review  The Reserve Bank of New Zealand and the FMA have confirmed that all 11 banks involved in their...

Commission Ban Not Part of the Plan, FMA Clarifies 

The FMA’s Chief Executive, Rob Everett, has clarified the regulator’s stance on adviser commissions, during the Economic Development, Science and Innovation Committee's annual review of the...

Prepare Your Business for Licensing Now – Kepa 

Advisers should be taking the time now to set up their business processes for success, ahead of looming licensing requirements, urges Kepa CEO, Brendon...