News

Managers pay up for licenses

Thursday 9th of March 2017

Under the Financial Markets Conduct Act, all managers of a registered scheme had to be licensed by December 1 last year.

The FMA said the application fee for a licence for a manager of a registered scheme would be $3565, covering 25 hours work.

After that number of hours, time spent on the application would be charged at a rate of $200 plus GST per hour for FMA board members and $...

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