As part of a crackdown on foreign companies listing on the FSPR, FMA removed Vivier & Co, because it did not think it was providing services in New Zealand.
Vivier appealed that in September and won - a decision the FMA fought to overturn.
The Court of Appeal today said the FMA could rely on its own knowledge of financial markets in assessing whether Vivier's registration was misleading or damaging.
It said the regulator did not rely on a media report about accusations of tax fraud and money laundering, linking the firm to sub-prime Irish mortgages and so did not need to disclose that to the company.
| « Tax changes may hit trans-Tasman transfers | LVR restrictions to be reviewed » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved