
Regulation
DIMS requirement 'overkill'
Wednesday 11th of February 2015
The FMA has clarified its additional standard conditions for AFAs providing personalised DIMS.
The proposed additional standard conditions will be incorporated into the standard conditions for advisers on June 1.
They require that AFAs calculate their tangible assets at least monthly, including as at the AFA’s balance date each year.
If the AFA’s calculation shows that the...
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