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...