News

FMA needs more money

Thursday 30th of January 2020

The Ministry of Business, Innovation and Employment has released a discussion document as part of a review of the regulator's funding.

It said the FMA was coming under increased pressure as its remit grew and was forecasting a deficit of $4 million in the year 2019/2020, in part because of the work required to develop the new financial advice regime.

"The new regime wil...

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