Tag: Financial Markets Authority (FMA)

May 11, 2018 BY Valentina Kirilova

New Zealand FMA warns against Managed Forex Hub Limited

The Financial Markets Authority (FMA) has just issued a formal warning to Andrew James Sturge, the sole director and shareholder of Managed Forex Hub Limited (Company Number: 4599319 – removed on 15 December 2017) (MFH), under s 9 of the Financial Markets Authority Act 2011. The complete warning can be seen below: On 12 September…

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April 16, 2018 BY Valentina Kirilova

FMA warns against Crafters & Co Limited

The Financial Markets Authority (FMA) has announced that it has issued a formal warning to Crafters & Co Limited (Company Number: 4350380) (Crafters) and its sole director Hadleigh Petherick under s 9 of the Financial Markets Authority Act 2011. On 18 November 2015, Crafters launched a crowdfunding campaign on the PledgeMe Limited (PledgeMe) platform. During…

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Are Altcoins doomed? Bitcoin pioneer and sidechain developer says ‘Yes’
October 25, 2017 BY Valentina Kirilova

New Zealand FMA to require company ICOs to register a PDS disclosure document

The Financial Markets Authority (FMA) has published commentary on initial coin offers (ICOs) and cryptocurrency services alongside online resources for investors. Innovation is increasingly shaping financial services and regulators globally are considering their responses. The FMA shared that it wants to facilitate responsible innovation, and ensure that the regulatory regime remains relevant and agile. This…

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fintech
October 19, 2017 BY Valentina Kirilova

FMA and ASIC confirm trans-Tasman collaborative approach to fintech

The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…

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