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flag New Zealand's FMA seeks court clarification on investor certificates to protect wholesale investment integrity.

flag New Zealand's Financial Markets Authority (FMA) is seeking a High Court ruling to clarify the use of eligible investor certificates in wholesale investments. flag This move follows the FMA's investigations into property developers and aims to ensure proper use of these certificates to protect investors. flag The FMA is asking the court to define requirements for the validity of these certificates and whether additional disclosure is needed under the Financial Markets Conduct Act 2013. flag This case could impact how these certificates are used in New Zealand's investment sector.

4 months ago
8 Articles