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  1. 5 April 2024

    Authorised body under a financial advice provider licence

    An authorised body is an entity (eg company or partnership) named on a Financial Advice Provider licence. A licensed FAP must agree to an authorised body operating under its licence. The authorised body must be named on the financial advice provider’s transitional licence application, and the licensed FAP will be required to provide information about the authorised body when it applies for its licence.
    Individuals cannot be authorised bodies under a FAP licence and individual financial advice provider licence holders cannot engage authorised bodies under their licences.
    Find out more about registration, costs, ongoing obligations, duties, standard consitions, general reporting conditions, code of professional conduct, competency safe harbour, and liability and enforcement on this page.
    Tags
    Compliance, New Financial Advice regime, Authorised body under a FAP, Obligations, Licensing & registration, Roles, Financial Services Legislation Amendment Act (FSLAA), Business
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  2. 7 June 2024

    Financial Advice Provider (FAP)

    A financial advice provider (FAP) is an individual or entity (e.g. a company) that provides a "financial advice service". Find out more about licensing, registration, costs and ongoing obligations as well as how to comply with the new Code of Professional Conduct for financial advice services including competence, knowledge and skill requirements as well as requirements for ethical behaviour, conduct and client care.
    Tags
    New Financial Advice regime, Compliance, Financial Advice Provider, Obligations, Licensing & registration, Roles, Financial Services Legislation Amendment Act (FSLAA), Business
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  3. 12 November 2018

    Know the scam warning signs: Bob’s story highlights the tactics scammers use

    Bob is a consultant who lives in Christchurch. He’s invested in shares for many years, owns his own home, and is in KiwiSaver. Recently, Bob lost $67,000 through a ‘boiler room’ share scam after an overseas company called him, offering him the chance to invest in a pharmaceutical firm.
    Tags
    Consumer, Scams
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  4. 11 April 2024

    Financial adviser

    To use the term Financial Adviser from the start of the new financial advice regime, you must be registered on the Financial Service Providers Register (FSPR) and engaged by a licensed financial advice provider (FAP) (or authorised body).　
    Find out more about licensing, your ongoing obligations and duties and complying with the new Code of Professional Conduct; liabilities and enforcement and frequently asked questions on this page.
    Tags
    New Financial Advice regime, Compliance, Financial Adviser, FSPR, Obligations, Licensing & registration, Roles, Business
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  5. 14 November 2022

    FMA Investor Profile - Dillon Balasingham

    Our latest Investor Profile features Dillon Balasingham, a 22-year-old student at the Victoria University of Wellington, and Co-President of the University’s Finance and Investment Club.
    Tags
    Investing, Shares, Ways to invest, Article, Consumer, News & Insights
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  6. 27 November 2017

    FMA publishes first peer-to-peer/crowdfunding statistical returns

    The Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand.
    Tags
    Crowdfunding providers, Media release, Roles, Business, News & Insights, Peer-to-peer lending service providers
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  7. 4 October 2018

    Gold and other commodities

    Commodities like gold are often used to spread risk because their price tends to move at different times to other types of investments. But investing in commodities is not low risk. Understand the risks and what to look out for here.
    Tags
    Gold, Ways to invest, Investing, Consumer
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  8. 29 November 2021

    Bitengecko

    The FMA has advised that the Belgian financial markets regulator [Financial Services and Markets Authority (‘FSMA’) has listed Bitengecko on its list of "Fraudulent Online Trading Platforms".
    Tags
    Suspected scam, Consumer, Scams
    Type
    Page

  9. 13 December 2021

    Jarden Securities Limited

    Jarden Securities Limited was formally censured by the FMA for contraventions by OM Financial Limited as a licensed derivatives issuer.
    Tags
    Censure, Powers, Derivative Issuer, Roles, Business, Enforcement
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  10. 24 September 2020

    Supervision Insights report

    An overview of the FMA’s supervision activities and findings from our monitoring reviews of regulated entities.
    Tags
    Reports and Papers, Roles, Crowdfunding providers, Cryptocurrencies, Derivative Issuer, Discretionary investment management scheme (DIMS), Financial Advice Provider, Business, Interposed persons under new financial advice regime, Managed investment schemes, News & Insights, Peer-to-peer lending service providers
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  11. 4 March 2021

    Peer-to-peer lending and crowdfunding 2020 data published

    New Zealand’s peer-to-peer lending (P2P) and equity crowdfunding sectors experienced steady growth in the last year, according to data from the Financial Markets Authority (FMA).
    Tags
    Crowdfunding providers, FMC Act, Roles, Legislation, Media release, Business, News & Insights, Peer-to-peer lending service providers
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  12. 17 August 2017

    Not all bonds are equal – FMA survey

    Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that most funds invest in bonds.
    Tags
    Bonds, Campaigns, Media release, Ways to invest, Investing, Consumer, News & Insights
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  15. 15 November 2016

    When strangers call bearing investment gifts: hang up

    Cold calls from strangers about investment opportunities are not only sure-fire losers, but illegal, and the Financial Markets Authority says the best response is the dial tone.
    Tags
    Media release, Consumer, News & Insights, Scams
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