
News
Reporting rules cause confusion
Wednesday 22nd of April 2015
As of April last year, services such as wrap platforms that provide custodial services must regularly report to their retail and smaller wholesale clients about money and property being held under their watch, under the Financial Advisers (Custodians of FMCA Financial Products) Regulations.
ASB-owned wrap provider Aegis, the largest in the NZ market, is now reporting to clients twice a y...
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