Financial Markets Authority - New Zealand

The FMA team held a fundraising event for the SPCA’s Cupcake Day. Cupcake day is all about raising vital funds and awareness for our furry (and non-furry!) friends. The FMA Is proud to have raised $1,386.00 for the SPCA coming in 2nd on the workplace leaderboard. Staff enjoyed an array of goodies while donating to an important cause. To find out more click here: https://lnkd.in/gbEV9Umk #SPCA #Cupcakeday #FMA

This morning our Executive Director, Evaluation & Oversight and General Counsel Liam Mason spoke at the at the #RIAAconf2024. In his keynote address, Liam highlighted that "the basic premise which underlies so much of our regulation is that investors are entitled to clear and useful information about the things that are important to their decision making, and more and more, the ethical, responsible, sustainable status of their products is one of those important things." Liam also spoke on the panel at the Responsible Investment Association Conference. To read Liam’s full speech click here: https://lnkd.in/gAi2NFxh #responsibleinvestment #sustainablefinance 

KiwiSaver Spotlight: Balanced Funds Balanced Funds offer a blend of low-risk and high-risk assets, making them suitable for those with a medium-term investment horizon (5-10 years). Ideal For: Investors not needing immediate access to their funds. Why Choose Balanced Funds? Moderate risk with potential for growth Ideal for medium-term goals John Horner, FMA Director, suggests Balanced Funds as a good default choice but advises considering a conservative fund as retirement approaches. Explore More: https://loom.ly/Stk4rQE #KiwiSaver #BalancedFunds #FinancialRegulation #FMA

Te Wiki o te Reo Māori - Māori Language Week is celebrated across Aotearoa this week. The theme this year is‘‘Ake ake ake – A Forever Language, which acknowledges the resilience, adaptability and endurance of our language here in Aotearoa and around the world. Regardless if you’re an expert or a beginner the most important thing we can all do is USE and SHARE what we know with friends, work mates, whānau and communities in our everyday lives. Also don’t forget te reo Māori can be used every day of the year, not just this week! He Reo Whairawa Te Reo Māori Financial Glossary is a vocabulary of 100 wealth and investment terms designed to help people discuss financial matters in Te Reo Māori. Click here to download our Te Reo Maori financial glossary - https://lnkd.in/gvQeC2yy #MaoriLanguageWeek #TeReo #FinancialTerms

Financial institution regulatory returns consultation We have begun consultation on the questions we propose to ask in the regulatory returns for financial institutions. These returns are part of the new Conduct of Financial Institutions (CoFI) regime. We are interested in feedback on the proposed question set, along with the appropriateness, frequency, and format of the information we will be collecting. As outlined in the consultation document there are questions related to understanding system changes, concerns around proposed timeframes and regulatory burden.     Consultation is open for a 6-week period from today, closing on 25 October 2024. See more: https://lnkd.in/dQ-Sum8J

The FMA has joined the Global Financial Innovation Network (GFIN), as we continue to enhance support for innovation in financial services in New Zealand.    Membership of GFIN will provide the FMA with greater opportunities to collaborate with and learn from other regulators across the globe. It aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.   Daniel Trinder, Executive Director, Strategy and Design said:   “The FMA has a strong tradition of collaborating with international regulators on numerous fronts. Membership of GFIN will provide the FMA with greater opportunities to collaborate with and learn from other regulators across the globe and work on important topics impacting innovation, such as Artificial Intelligence and Tokenisation. GFIN provides a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas,” he said.    The FMA also chairs the Fintech Forum – a single point of regulatory support and information for the FinTech sector. For more information visit: How we can help – fintech.govt.nz   or get in touch with Alan Crofts FMA Fintech Specialist [email protected]   #FMA #GFIN #Fintech #Innovation #Regulation

We have published insights from our recent supervision of disclosure for funds that claim to have ethical features. The update summarises findings from our reviews of disclosure documents, advertising and reporting on sustainability progress, and whether investments held by funds align with their sector exclusion policies. While we have not identified any situations where an issuer deliberately used ethical labelling or marketing with no intention of implementing an ethical investment strategy, we have given feedback on areas for improvement, and noted good practices for other issuers to consider. Given that approaches to ethical investing have developed materially in the past few years, we are also seeking feedback from the market about potential updates to our 2020 market guidance. If you would like to register your interest and/or share your views please email [email protected] with the subject line ‘Ethical disclosure guidance.’ Read more here - https://loom.ly/JS7TeOk #FMA #EthicalInvesting #disclosureinsights

AI adoption in financial services offers significant opportunities but also presents emerging risks. The FMA has released research around how institutions are navigating these challenges. We spoke with Chief Economist Stuart Johnson in the second episode of our Occasional Conversations podcast series where he delves deeper into the key findings and what this means for New Zealanders. Have a listen to our podcast – https://lnkd.in/g9_k7pvw   To access the full AI research paper, you will find it on our website – https://lnkd.in/ghqu9uqP #AI #GovermentAI #FMA #Research

We’re thrilled to support World Investor Week and its important mission! As we gear up for this global event, we’re dedicated to promoting investor education and safeguarding against scams. Let’s work together to empower safe and informed investment decisions.

FMA Head of Insurance Jane Brown spoke at the New Zealand Insurance Law Association's 2024 Conference in Christchurch this week about the FMA’s approach to regulatory investigations. The conference theme was Regeneration / Whakahounga, reflecting the reconstruction and transformation that has occurred in Christchurch following the earthquakes. Jane spoke of how, under the upcoming Conduct of Financial Institutions regime, the FMA is moving from a reactive to a more proactive supervisory approach. You can read Jane’s full speech here https://lnkd.in/gs5mwWE9