Financial advice providers on notice after FMA report
New obligations and licensing requirements have largely bedded in well a year after becoming mandatory, regulatory report finds.
FMA director of deposit taking, insurance and advice Michael Hewes.
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The Financial Markets Authority is warning the country’s 1400 financial advice providers it is likely to ramp up its enforcement approach following a review of their response to new regulations.
A new regime which placed obligations and licensing requirements on financial advice providers –
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