fma

FMA Fines APEX Ventures GmbH for AIFMG Breach

The Austrian Financial Market Authority (FMA) has imposed fines of EUR 2,000 each against the persons responsible of APEX Ventures GmbH for failing to promptly notify required information under the Alternative Investment Fund Managers Act (AIFMG). The penal orders are final.

Allianz Risk Transfer AG Portfolio Transfer to Allianz Global Corporate SE

The Austrian Financial Market Authority (FMA) announced that Allianz Risk Transfer AG has transferred its entire insurance portfolio to Allianz Global Corporate & Specialty SE. This portfolio transfer became effective on February 28, 2026. Policyholders have a termination right under the Insurance Supervision Act 2016.

FMA Executive Director Helmut Ettl Designated IMF Executive Director

Austria's Financial Market Authority (FMA) announced that its Executive Director, Helmut Ettl, has been designated as an Executive Director of the International Monetary Fund (IMF). His two-year term begins on November 1, 2026, and he will step down from his FMA role on October 31, 2026.

FMA Fines NOTARTREUHANDBANK AG €127,500 for AML Failures

The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 127,500 against NOTARTREUHANDBANK AG for breaches of anti-money laundering due diligence obligations. The bank failed to implement appropriate strategies and controls for ongoing monitoring of customer relationships and transaction checks.

FMA Seeks High Court Orders to Liquidate Chance Voight Group Entities

The Financial Markets Authority (FMA) of New Zealand is seeking High Court orders to liquidate six entities within the Chance Voight Group. The FMA is also requesting the release of an interim liquidation report from PwC, which is currently under suppression.

FMG Admits Misleading Statements, Pays $2.1 Million Penalty

FMG Insurance Limited has admitted to fair dealing breaches under the Financial Markets Conduct Act, following an FMA investigation. The company will pay $2.1 million in lieu of a pecuniary penalty and has remediated affected customers.

ASB Ordered to Pay $2.1m for Fair Dealing Breaches

The High Court has ordered ASB Bank to pay $2.1 million for fair dealing breaches related to insurance products and banking services. These breaches affected over 25,000 customers, who were refunded approximately $4.7 million by the bank.

FMA Expands FinTech Sandbox for Wider Support

The Financial Markets Authority (FMA) in New Zealand is expanding its FinTech sandbox pilot to offer an on-ramp or restricted licence for innovative firms. This initiative aims to support FinTech innovation and competition while managing consumer risks, building on insights from the current pilot.

Former NZ financial adviser David McEwen sentenced and banned

Former New Zealand financial adviser David McEwen has been sentenced and banned for seven years following his conviction on four charges of breaching an FMA Stop Order. He was fined $15,000 for continuing to seek money from former clients after the order was issued.

FMA Fines Private Person €9,000 for Delayed Proprietary Trading Notification

The Austrian Financial Market Authority (FMA) imposed a EUR 9,000 fine on a supervisory board member for failing to notify about proprietary trading within the required three business days. This action stems from a breach of the Market Abuse Regulation (MAR).