News

FMA changes tack on AFA reporting requirements

Monday 24th of March 2014

The FMA is planning to make it compulsory for all AFAs to produce an annual report, called an Information Return, each year.

However, its first draft received strong criticism from AFAs and institutions such as banks.

A number of AFAs took exception to the requirement to provide the FMA information about how much they earned from their business each year, arguing it was not the FM...

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