June 21, 2017 BY Valentina Kirilova

New Zealand FMA proposes continued regulatory exemption for Robo Advice

The FMA announced that it is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. Robo-advice has been increasingly adopted around the world and especially in the Far East, and…

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