News

DIMS exemptions welcomed

Wednesday 6th of May 2015

In March, the FMA said it was aware the cost of requiring small DIMS providers to produce audited financial statements might outweigh the benefits to clients.

It asked for feedback on a proposal to exempt small and medium-sized licensees, but said a level one provider would be a sole trader with less than $5 million FUM. Level two traders would have up to $10 million.

Advisers sai...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.