FMA to focus on private market offer disclosures

FMA to focus on private market offer disclosures
Jemaine (left): “It sounds too good to be true.” Murray (right): “Yeah. That's why I went for it.” (Image: Supplied)
Pattrick Smellie
Concerns about misleading disclosure in private capital market offers to eligible and wholesale investors are identified as one of the Financial Markets Authority’s main areas of focus in the year ahead.Issuing its annual Financial Conduct Report, the financial markets regulator also identified that the absence of regulation for some forms of virtual assets needs to be addressed to improve consumer protections.With steadily growing interest in digitally created  “tokenised” products in New Zealand, regulatory uncertainty...

More Markets

Fisher & Paykel Healthcare drives sharemarket up
Markets Market Close

Fisher & Paykel Healthcare drives sharemarket up

The S&P/NZX 50 Index closed up 0.61% or 81.576 points to 13,562.01.

Rakon stock-price climbs ahead of result
Markets

Rakon stock-price climbs ahead of result

Rakon shares rose almost 9% on Wednesday but spiked even higher during the day.

Fisher Funds backs Summerset in rejecting covenant waiver claims
Markets

Fisher Funds backs Summerset in rejecting covenant waiver claims

Summerset is compliant with all lending covenants and obligations.

Critical minerals miner plans 2026 NZX listing
Primary Sector

Critical minerals miner plans 2026 NZX listing

The company plans to raise $20m from retail investors in mid-2026.