FMA expects flood of appeals of FSP deregistration, as Wewege's firm becomes test case

Mon, 24 Aug 2015

By Suze Metherell Aug. 24 (BusinessDesk) - The Financial Markets Authority is expecting a wave of appeals after deregistering 100 companies from the Financial Service Providers register, as the regulator awaits a High Court ruling on Vivier & Co's appeal, the first one to go through the courts. Appearing in the Wellington High Court before Justice Timothy Brewer, the financial market watchdog's counsel Mary Scholtens QC said the hearing was the first appeal of a deregistration since FMA was granted the powers under the Financial Service...

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