Mayday for wholesale investments

Margot Gatland, FMA head of enforcement. (Image: Supplied)

Wed, 05 Mar 2025

The Financial Markets Authority has a date, a very important date.On May 1, the regulator will appear in court to argue a case against nobody in particular and everybody in general about the obligations wholesale investment product providers and some intermediaries owe to their underlying clients.Margot Gatland, Financial Markets Authority (FMA) head of enforcement, said in a statement that the somewhat unusual legal move enables the regulator to ask the High Court “for its opinion on a question of law, in order to resolve an area of unce...

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