Tag: louise_unger
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FMA Updates Guidance on Insider Trading
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released an updated information sheet to promote stronger practices regarding insider trading within the investment industry. This follows engagement with industry participants. The information sheet, titled Insider Trading: where…
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 will pay a $19.5 million penalty after admitting to fair dealing breaches. The Financial Markets Authority (FMA) investigation revealed that IAG made false and/or misleading representations regarding its insurance products. FMA Executive Director Louise Unger stated,…
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The Financial Markets Authority (FMA) is seeking feedback on updated draft guidance for financial products with ethical characteristics. The guidance aims to assist issuers in presenting their products in disclosures and advertising related to ethical claims. The consultation is open…
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeLegal Financial Markets AuthorityFMAethical investmentLouise UngerFinancial Conduct ReportinvestmentFinanceNZ Financial Markets Authority