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FMCA a big blow for workplace super
Thursday 22nd of September 2016
Schemes have a number of options in how they comply with the Financial Markets Conduct Act. (FMCA)
Unless designated as a restricted scheme, the standard requirements for a managed investment scheme mean governance must be divided between a licensed supervisor and a licensed manager, with a trust deed and a statement of investment policy and objectives that comply with the FMCA.
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