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AFA rejections few and far between
Wednesday 2nd of May 2012
With just under 2000 AFAs nationwide, this number represents only 0.15% of the total number of advisers who have successfully become authorised.
As well as having to meet all the other requirements, prospective AFAs have to convince the FMA that they are of sufficiently good character to be authorised.
The FMA's power to decline authorisation for advisers on this basis was highlig...
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