Transitional licences have expired. All advisers must now hold or operate under a full licence to provide regulated financial advice to retail clients.
March 20, 2023The exemptions seek to reduce compliance costs for foreign exempt issuers that already produce similar reporting in their home jurisdiction.
March 16, 2023The draft guidance covers any situation where an intermediary is involved in the distribution of a financial institution’s products or services.
February 23, 2023The guidance is designed to help financial service providers address "emerging and persistent issues" in financial reporting, the FMA said.
February 21, 2023The FMA said the first regulatory returns will be due by 30 September 2024, for the 12-month period ending 30 June.
February 16, 2023The guidance focuses on situations where it is difficult or impractical to access information to support reasonable grounds for financial advice on an investment product.
February 7, 2023Risk management practices and controls used by fund managers reduce overall risk but "pockets of relatively higher risk" still exist.
January 23, 2023Cigna increased premiums and cover for customers without being clear and transparent about the basis for the increase.
January 18, 2023Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain appropriate records.
December 22, 2022The FMA said Pencarrow Private Equity failed to retain and make readily accessible identity and verification records for customers.
December 19, 2022