The FMA announced on 16 October 2015 its second internal restructure since it was established in 2011. In my view the most notable change is the creation of a greatly expanded general counsel (GC) role. The new GC role represents […]
Since March 2015 the Fair Trading Act (FTA) has prohibited the use of unfair contract terms (UCTs) in “standard form consumer contracts” (pro forma contracts that consumers have no real ability to negotiate). UCTs apply to all new contracts entered […]
I have 5 tips to help you to get a licence from the FMA. There are 6 types of financial services businesses that need a “market services licence” to carry on business and there are a number of other licence […]
On 18 December 2014 the FMA issued a warning about potentially misleading advertising by New Zealand businesses that help to transfer UK pensions to New Zealand. The warning highlights the importance for all businesses, including providers of financial services, of […]