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Disclosure under Part 3 of the FMC Act (i.e. via a PDS) applies from this date to newly licensed derivatives issuers and those with a transitional licences without discloure conditions.
New derivatives issuers have to comply with this provision in the FMC Regulations (Regulations 238-250).
We are undertaking an investigation into Arena Capital Limited (Arena), trading as BlackfortFX (Blackfort). We have obtained asset preservation orders over the assets of Arena/Blackfort and associated persons, in light of concerns investor funds may be at risk.
Arena is registered on the Financial Service Providers Register and purports to offer foreign exchange services to clients. We cannot comment further at this stage to protect the integrity of the investigation but will provide further information as soon as we are able.
Any investor with information about Arena/Blackfort is encouraged to contact us via our online complaint form or call the FMA helpline: 0800 434 567.