FMA to take closer look at managed fund updates after review finds disclosure short-comings

Wed, 18 Apr 2018

By Paul McBeth April 18 (BusinessDesk) - The Financial Markets Authority will take a closer look at the way fund managers regularly update their investors after a general stocktake showed some short-comings in the way information is disclosed. The market watchdog found managed investment scheme managers (MIS) met their general obligations to provide fund updates and most didn't raise significant concerns, however, there were some instances where things could be improved, it said in a statement. As a result of its stocktake, the FMA plans...

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