Regulation

AFA requirements should be stricter: Hughes

Tuesday 14th of May 2013

Chief executive Sean Hughes said there was little his organisation could do to turn down would-be applicants. But he said improvements to the regulatory regime would significantly reduce the likelihood of any future failings in the style of Ross Asset Management.

His opinion was sought from Commerce Minister Craig Foss at the end of last year.

Hughes told the minister the FMA coul...

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