News Bites

FMA probes performance fees

Thursday 19th of April 2018

The FMA has published the findings of a review of quarterly fund updates which looked at whether fund managers were meeting their legal requirements to produce updates that are both easy to find and easy to read for investors.

At least one quarterly fund update from each licensed Managed Investment Scheme (MIS) manager was considered as part of the review.

MIS managers were comply...

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