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The Financial Markets Authority (FMA, Maori:Te Mana Tātai Hokohoko) is a New Zealand government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations.
New Zealand: Reserve Bank of New Zealand ; Financial Markets Authority: Niger: Banking Commission of the West African Monetary Union (CB-UMOA) ; Financial Markets Authority of the West African Monetary Union (AMF-UMOA) ; Regional Insurance Control Commission (CRCA) Nigeria
It was replaced on 1 May 2011 by the Financial Markets Authority. It was responsible for enforcement, monitoring and market oversight of the securities markets, authorising participants and promoting public understanding of investments. This included authorising the New Zealand Stock Exchange with which it ran a co-regulatory model.
Snowball Effect is a New Zealand-based online investing marketplace, that enables New Zealand companies to offer shares to members of the public. [2] Snowball Effect launched in August 2014, after being one of the first to acquire an equity crowdfunding license from the Financial Markets Authority.
Financial Markets Authority (New Zealand) R. Reserve Bank of New Zealand This page was last edited on 15 September 2020, at 11:46 (UTC). ...
FNZ was founded in 2003 by its former Group CEO, Adrian Durham. [3] It began as a business unit within the New Zealand branch of investment bank Credit Suisse.This was followed by the expansion of operations to the UK in 2005, [4] and a management buyout of the First NZ Capital Group (formerly Credit Suisse) in January 2009 for a price of NZ$34 million, backed by private equity firm H.I.G ...
Between May 2006 and the end of 2012 there were sixty-seven finance company collapses in New Zealand; including companies entering into liquidation, receivership or moratoria. [1] An inquiry by the New Zealand Parliament estimated losses at over $3 billion that affected between 150,000 and 200,000 depositors. [ 2 ]
In 2011 Hotchin decided to sue the country's biggest newspaper, the New Zealand Herald, for aggravated and punitive damages. [28] Hotchin's New Zealand assets were frozen by the High Court, following an application by the Securities Commission. [29] But a decision by the Court to have the order overturned has been ruled on but not made public. [30]