News

FMA calls for licensing input

Friday 15th of November 2013

Under the new legislation, DIMS providers, peer-to-peer lenders, crowd funding providers, independent trustees, derivatives issuers and managed investment scheme managers will have to be licensed.

The FMA will issue licenses from April.

AFAs who want to offer class DIMS to retail investors will need a license.

They can still offer personalised DIMS under the FAA but the FMA...

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