Court rules on wholesale investor regime
FMA gets clarification of investor eligibility for wholesale offers – but not quite the clarification it wanted.
Financial Markets Authority chief executive Samantha Barrass.
If the wholesale investor regime is failing it is a matter for Parliament to correct it, says the High Court.
In a decision issued on Thursday, Justice Sally Fitzgerald gave the court’s view of the law waiving disclosure requirements for offers to wholesale investors, after the Financial Markets
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