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FMA Update 02 July, 2020
 
 
 
 
 
 
NZX Obligations annual review published

NZX met its statutory obligations as a licensed market operator for the period from January to 31 December 2019, according to the FMA’s annual review.

The General Obligations Review found that NZX complied with its market operator obligations during the review period. The FMA will continue to engage with NZX on areas where it considers improvements should be made.

Read the full review here

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial advice provider licensing - early applications encouraged

New Zealand’s new financial advice regime starts on 15 March 2021 and the FMA is encouraging providers to apply for a transitional licence as soon as they are ready, ideally before the end of this year.

As at June 29, the FMA had granted 861 transitional licenses, representing an estimated 6,597 financial advisers.

Consultation on proposed licence classes and standard conditions for full licensing is also under way.

Have your say here until August 7

 
 
 
 
 
 
 
How does your KiwiSaver fund stack up against the rest?

Our online KiwiSaver Tracker compares the returns and fees of 270 funds - and has just been updated with latest figures for March 2020, reflecting the volatility that hit markets in the first quarter of the year.

See the video below for how to use the tracker.

 
 
 
 
Check out the updated tracker here
 
 
 
 
 
 
 
Auditor regulation and oversight plan published

This plan sets out the areas the FMA will focus on as part of our role in reviewing the quality of audits, and contributing to the integrity and development of the audit profession.

It will help licensed auditors, registered audit firms and accredited bodies to understand how the FMA will approach auditor regulation.

Issuers, investors and their advisers should also find the new plan useful. 

Read the plan here

 
 
 
 
 
 
 
Enforcement action
 
 
 
 
 
 
 
We're hiring: FMA seeks applications for new Director of Investment Management

The FMA is hiring a new Director of Investment Management, a significant leadership role on the FMA’s executive team.
Leading a new team, the Director will head up a function housing our Investment Management subject-matter experts responsible for designing, delivering and communicating the FMA's approach to the Investment Management Sector.

View the full advertisement and position description here


Applications close July 12, 2020

 
 
 
 
 
 
 

Financial Markets Authority

 
 
 
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2 Takutai Square, Britomart
Auckland 1143
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