Goldsmith goes with 'enhanced' funding option for Financial Markets Authority

Thu, 03 Nov 2016

By Paul McBeth Nov. 3 (BusinessDesk) - The Financial Markets Authority will hike its levies for financial services firms and get an extra $9.8 million from the government a year after Commerce Minister Paul Goldsmith signed off on an increase in the regulator's funding to beef up its monitoring. Goldsmith approved the move which will see most of the burden fall on financial services providers through the annual levy they pay, which officials say will enable the market watchdog "to proactively engage with the populations it regulates and...

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