FMA to step up enforcement of financial services provider register

Thu, 21 Sep 2017

By Paul McBeth Sept. 22 (BusinessDesk) - The Financial Markets Authority is stepping up its enforcement of people misusing the financial services provider register, which continues to generate the most complaints to the market watchdog. The regulator has been cracking down on the FSPR in recent years, kicking off firms that signed up to it even though they weren't providing services in New Zealand. The issue for the FMA is that being on the register has been touted as akin to a licensing regime by some foreign firms, even though it isn't....

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