The Financial Markets Authority’s report on the Financial Service Providers Register (FSPR) sets out its work to prevent the misuse of the FSPR between 2014 and 2017.

The FMA says it will target New Zealand directors of FSPR businesses who encourage or facilitate abuse of the FSPR. All businesses on the FSPR must have a locally-based director. Directors are personally liable under the Companies Act for a company’s compliance with a number of obligations.    read more.....

Publication by the FMA