Regulation

First DIMS licence granted

Wednesday 14th of January 2015

GMI is the first investment manager to be granted a class DIMS licence under the Financial Markets Conduct Act, for its Private Portfolios service, through which investment advisers manage portfolios on clients' behalf. Because they make buy and sell decisions without asking the client's input each time, this counts as class DIMS under the Financial Markets Conduct Act.

The licence will...

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