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Regulator seeks improvements from DIMS licence holders

Thursday 24th of October 2024

The Financial Markets Authority monitors a sample group of the 49 providers licensed as Discretionary Investment Management Services - a licence which allows them to accept authority from investors to make buy and sell decisions on their behalf.

Its first monitoring report into the sector, which manages 47,000 retail accounts with $48 billion of funds under management, the FMA found pro...

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