Faafoi wants easier-to-understand adviser disclosure; FMA finds investors happier with offer docs

Tue, 10 Apr 2018

By Paul McBeth April 10 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi wants more easily-understood financial adviser disclosure rules to make sure customers aren't led astray, and is seeking submissions on regulations accompanying the upcoming law change. The Ministry of Business, Innovation and Employment discussion document came out the same day that Financial Markets Authority-commissioned research showed investors have found product disclosure statements more useful than the previous regime in offering valuable...

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