FMA CE Rob Everett has set out the evolving approach for the FMA as the regulator’s mandate expands under the Financial Markets Conduct Act, taking effect from 1 December.

The FMA wishes to warn the public against conducting business with or through which claims to be connected to a New Zealand incorporated entity Alcan Financial Management Ltd.

The FMA is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms.

The FMA is facilitating two seminars to help fund managers understand transitional requirements under the Financial Markets Conduct (FMC) Act 2013.

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