Article tagged with 'Financial Markets Conduct Act'
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FMA keeps watch on advertising rulebreakers
14 Oct 2021 - If it looks too good to be true, it probably is and the FMA wants to make sure you do the right thing by your customers and clients releasing a new guide for the advertising of financial products.
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Du Val Group advertising 'likely to mislead or deceive investors'
07 Oct 2021 - The FMA has directed property development and investment company Du Val to remove advertising materials it says are likely to mislead or deceive investors.
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AIA admits to fair dealing breaches - could face $700k fine
29 Jul 2021 - Life insurer AIA has admitted to making false and/or misleading representations to customers and could face a fine of up to $700,000 after court proceedings were brought against the company by the Financial Markets Authority (FMA).
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Ending a 40-year career - the true cost of a FADC decision
13 Jul 2021 - The long-serving financial adviser recently censured by the Financial Advisers Disciplinary Tribunal says she wants to tell her story after the process left her frustrated, disappointed and ultimately forced her out of the profession.
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FMA seeks consultation on investor exclusion exemption notice
20 Jan 2021 - The FMA are seeking industry feedback on the Financial Markets Conduct (Wholesale Investor Exclusion) Exemption Notice 2017, which will expire on February 4, 2022.
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Bill tabled that will bring new conduct rules for financial institutions
13 Dec 2019 - A bill has been introduced into Parliament that will allow for regulation of the incentives paid to advisers and salespeople.
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As confusion reigns and opinions are strong, is it all a bit much?
31 Oct 2019 - There are so many options for advisers under the new regime; licensing, coming under a licence, packing it in, or working for a bank or insurer. Jon-Paul Hale says the answer is quite simple.
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FMA reports on 'watershed' year
30 Oct 2019 - The Financial Markets Authority says it's had a significant year as the financial services sector moves to a new regulatory environment.
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Govt seeks feedback on disclosure rules
11 Oct 2019 - Clients will have to be clearly told what fees they are likely to pay, and what commissions an adviser will receive, under draft disclosure regulations revealed by the Government this week.
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Financial advice reforms may miss the mark
12 Sep 2019 - Financial advice reforms are at risk of not delivering on one of their key stated aims, one law firm says.