Article tagged with 'Financial Markets Conduct Act'
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Managers struggle to find index to report against
09 Aug 2017 - An exemption is being proposed for fund managers who are unable to find a compliant market index to use when they communicate to clients how their funds have performed.
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Law changes an imperfect improvement
08 Aug 2017 - Changes made to the Financial Services Legislation Amendment Bill before it was introduced to Parliament have been welcomed by the financial advice sector - but some say they did not go far enough.
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Bill won't get through this term - so what?
07 Aug 2017 - Labour 'can't guarantee' position of support for the Financial Services Legislation Amendment Bill won't change.
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Trust laws get shake-up, and advice carve-out
03 Aug 2017 - New Zealand’s trust laws are being updated and it includes a carve-out to help advisers whose trusts are also captured by the Financial Markets Conduct Act and Financial Advisers Act.
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Many advisers 'won't pass licensing hurdle'
01 Aug 2017 - As many as 40% of advisers may fail to receive a licence under the new regulatory regime, it has been suggested.
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Request useful investor information, advisers told
18 Jul 2017 - Investors and financial advisers are being told they should not be afraid to put pressure on companies to get them to report information in a way that is useful to them.
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FMA proposal criticised by fund managers
15 Jun 2017 - Fund managers are worried by Financial Markets Authority-proposed guidance on substantial product holders’ disclosure obligations, which the regulator says are designed to improve transparency and deter inappropriate conduct.
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'Inappropriate' incentives contentious
07 Jun 2017 - Product providers and industry commentators are at odds over a new proposed duty not to offer inappropriate payments or incentives to their representatives.
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Insurers want tweaks to client-first duty
25 May 2017 - Insurance companies have given the exposure draft of the new financial advice legislation a tentative nod of approval, but want changes to the duty it imposes for advisers to put a client's interests first.
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More time needed for new rules
23 May 2017 - Ministry of Business, Innovation and Employment officials have been told they may not be giving the financial advice industry enough time to transition to new legislation.