The Financial Markets Authority (FMA) announced that it has just published its fourth statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year. The report uses the data from that questionnaire to provide a snapshot of the sector for the 12-month period ending…
Read moreThe Financial Markets Authority (FMA) has just issued a formal warning to Andrew James Sturge, the sole director and shareholder of Managed Forex Hub Limited (Company Number: 4599319 – removed on 15 December 2017) (MFH), under s 9 of the Financial Markets Authority Act 2011. The complete warning can be seen below: On 12 September…
Read moreThe Financial Markets Authority (FMA) has announced that it has issued a formal warning to Crafters & Co Limited (Company Number: 4350380) (Crafters) and its sole director Hadleigh Petherick under s 9 of the Financial Markets Authority Act 2011. On 18 November 2015, Crafters launched a crowdfunding campaign on the PledgeMe Limited (PledgeMe) platform. During…
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The Financial Markets Authority (FMA) has published commentary on initial coin offers (ICOs) and cryptocurrency services alongside online resources for investors. Innovation is increasingly shaping financial services and regulators globally are considering their responses. The FMA shared that it wants to facilitate responsible innovation, and ensure that the regulatory regime remains relevant and agile. This…
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The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…
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