'Unscrupulous' foreign firms exploiting finance services register, action needed, says industry

Fri, 23 Oct 2015

By Paul McBeth Oct. 23 (BusinessDesk) - New Zealand's reputation as a responsible member of the world's financial community is undermined by holes in the financial services provider register, which is still open to abuse by unscrupulous foreign firms, industry groups say. The Ministry of Business, Innovation and Employment is revisiting the register in a legislative review of the 2008 Financial Advisers and Financial Service Providers (Registration and Dispute Resolution) acts, which were intended to revive the public's confidence in fina...

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