FMA to focus on private market offer disclosures

FMA to focus on private market offer disclosures
Jemaine (left): “It sounds too good to be true.” Murray (right): “Yeah. That's why I went for it.” (Image: Supplied)
Pattrick Smellie
Concerns about misleading disclosure in private capital market offers to eligible and wholesale investors are identified as one of the Financial Markets Authority’s main areas of focus in the year ahead.Issuing its annual Financial Conduct Report, the financial markets regulator also identified that the absence of regulation for some forms of virtual assets needs to be addressed to improve consumer protections.With steadily growing interest in digitally created  “tokenised” products in New Zealand, regulatory uncertainty...

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