Tag: louise_unger
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FMA Cancels Sydney Auditor Scott Bennison's New Zealand Licence
New Zealand's Financial Markets Authority has cancelled Sydney-based auditor Scott Bennison's licence over multiple breaches tied to the Greenfern Industries audit, with appeal rights noted.
BusinessLaw EnforcementAustraliaFinancial MarketsLegalBanking Financial Markets AuthorityScott BennisonAuditor Licence CancellationGreenfern Industries LimitedLouise UngerAustralian Securities and Investments CommissionAuditor Regulation Act 2011NZ Financial Markets Authority
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FMA Updates Guidance on Insider Trading
The Financial Markets Authority (FMA) has issued revised educational material on insider trading, aiming to bolster compliance within the investment sector after consulting with industry stakeholders.
BusinessLegalFinancial MarketsEconomyTradeAustralasia Financial Markets AuthorityFMAinsider tradinginvestment industryLouise Ungerinstitutional investorsTe Mana Tātai HokohokoNZ Financial Markets Authority
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IAG to Pay $19.5 Million Penalty for Widespread Failures
IAG New Zealand Limited has been penalised $19.5 million for fair dealing breaches after admitting to making false and/or misleading representations about its insurance products, affecting approximately 269,000 customers.
BusinessPolitics and GovernmentFinancial MarketsLegalEconomy IAG New Zealand LimitedFinancial Markets AuthorityLouise UngerFinancial Markets Conduct Actfair dealingpecuniary penaltyNZ Financial Markets Authority
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FMA Seeks Feedback on Ethical Investment Disclosure Guidance
The Financial Markets Authority (FMA) is consulting on updated draft guidance for financial products with ethical characteristics, aiming to improve clarity and prevent misleading disclosures.
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeLegal Financial Markets AuthorityFMAethical investmentLouise UngerFinancial Conduct ReportinvestmentFinanceNZ Financial Markets Authority