Goldsmith approves second tranche of FMCA regulation

Tue, 04 Nov 2014

By Suze Metherell Nov. 4 (BusinessDesk) - The second phase of regulation of the Financial Markets Conduct Act, which overhauled the decades old Securities Act, has been approved by newly installed Commerce Minister Paul Goldsmith. The new regulations, which cover the governance of financial products, licensing requirements for financial service providers and conduct obligations for discretionary investment management services, come into full effect on Dec. 1, Goldsmith said in a statement. Goldsmith took over the portfolio after the Sept....

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