FMA unfettered: proposed search and anti-merge powers called into question

(Image: Getty)

Tue, 24 Jun 2025

The Financial Markets Authority will be granted two new extraordinary powers if in-transit legislation, intended to reduce regulatory “red tape”, makes it through Parliament unscathed. And that’s a worry, according to a submission on the Financial Markets Conduct Amendment Bill put forward by law firm, Dentons Kensington Swan.Under the FMC Amendment Bill that passed its first reading on May 20, the Financial Markets Authority (FMA) would gain the ability to stymie merger and acquisition activity in the sector and bust int...

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