FMA hopes new legislation will encourage investors, wants to clarify Kiwisaver disclosure

Thu, 01 Dec 2016

By Sophie Boot Dec. 1 (BusinessDesk) - The Financial Markets Authority says it wants to encourage investors into the sharemarket and business conduct will be important in improving confidence. Chief executive Rob Everett told the commerce select committee this morning that he was "very comfortable" with the legislative framework the FMA operates under, but the agency's job is to make the industry understand that the law reflects the minimum level of conduct required, and it is aiming higher. The final pieces of the Financial Markets Condu...

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