FMA

Question 1

What does FSPR stand for with respect to the FMA?

Answer 1

Financial Services Providers Register

Question 2

What is FSPR?

Answer 2

A searchable only register of the people and businesses that offer financial services in New Zealand.

Question 3

What Act created the Financial Services Providers Register?

Answer 3

The Financial Services Registration and Dispute Resolution Act 2008

Question 4

When was the Financial Services Registration and Dispute Resolution Act 2008 passed?

Answer 4

29 September 2008

Question 5

When did the Financial Service Providers Register open to accept applications?

Answer 5

16 August 2010

Question 6

What is an acronym for financial service provider?

Answer 6

FSP

Question 7

What does the acronym FSP stand for with respect to the FMA?

Answer 7

financial service provider

Question 8

When did the financial services register become compulsory for most FSPs?

Answer 8

December 2010

Question 9

What does AFA stand for with respect to the FMA?

Answer 9

Authorised financial advisors

Question 10

What is the acronym for authorised financial advisor?

Answer 10

AFA

Question 11

What does QFE stand for with respect to the FMA?

Answer 11

Qualifying financial entities

Question 12

What is the acronym for Qualifying financial entities?

Answer 12

QFE

Question 13

What are DIMS providers with respect to the FMA?

Answer 13

Discretionary investment management service providers

Question 14

What does the acronym DIMS stand for with respect to FMA?

Answer 14

Discretionary Investment Management Services

Question 15

What is the acronym for Discretionary investment management service?

Answer 15

DIMS

Question 16

When are you providing Discretionary Investment Management Services
(DIMS)?

Answer 16

When an investor gives you authority to make decisions about buying or selling financial products on their behalf.

Question 17

When an investor gives you authority to make decisions about buying or selling financial products on their behalf, what are you required to have under the FMC Act (FMA)?

Answer 17

A license

Question 18

What does the FMC Act refer to?

Answer 18

The Financial Markets Conduct Act 2013.

Question 19

What do you need under the FMC Act to provide Discretionary Investment Management Services (DMC)?

Answer 19

A license

Question 20

What was the Securities Commission?

Answer 20

An independent Crown Entity of the government of the government of New Zealand.

Question 21

What was the role of the Securities Commission?

Answer 21

Main regulator of investments

Question 22

What was the Securities Commission replaced by?

Answer 22

The FMA?

Question 23

When did the FMA replace the Securities Commission?

Answer 23

On 1 May 2011

Question 24

When was the FMA established?

Answer 24

1 May 2011

Question 25

What Bill established the FMA?

Answer 25

The Financial Markets Regulation and KiwiSaver Bill

Question 26

When was the Financial Markets Regulation and KiwiSaver Bill passed?

Answer 26

7 April 2011

Question 27

What act established the FMA?

Answer 27

The Financial Markets Authority Act 2011

Question 28

What did the Financial Markets Authority Act 2011 establish the FMA as?

Answer 28

An independent crown entity.

Question 29

Other than establishing the FMA, what did the Financial Markets Authority Act 2011 do?

Answer 29

Set out its functions

Question 30

The key _________ obligation of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets .

Answer 30

statutory

Question 31

The key statutory __________ of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets .

Answer 31

obligation

Question 32

The key statutory obligation of the FMA is to _________ and facilitate development of fair, efficient and transparent financial markets .

Answer 32

Provide

Question 33

The key statutory obligation of the FMA is to provide and _______ development of fair, efficient and transparent financial markets .

Answer 33

facilitate

Question 34

The key statutory obligation of the FMA is to provide and facilitate ________ of fair, efficient and transparent financial markets .

Answer 34

development

Question 35

The key statutory obligation of the FMA is to provide and facilitate development of ____, efficient and transparent financial markets .

Answer 35

fair

Question 36

The key statutory obligation of the FMA is to provide and facilitate development of fair, _______ and transparent financial markets .

Answer 36

efficient

Question 37

The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and _________ financial markets .

Answer 37

transparent

Question 38

The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and transparent _____________ .

Answer 38

Financial markets

Question 39

What is the Key statutory obligation of the FMA?

Answer 39

The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets.

Question 40

But Sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the _________ bar and just type in the new name right there and it just changes the column header to whatever I choose.

Answer 40

Formula

Question 41

But sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the ______ header to whatever I choose.

Answer 41

Column

Question 42

that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the column header to whatever I choose. The one thing I will point out here is that if I wanted to name this Gross Revenue which is the name of the raw data column, I’m going to get this ______ that says the Pivot Table name already exists, so a little work around here. If I just add a space at the end, Excel will treat that as totally separate value and allow me to drop that in. So a little tip there. Sometimes you want to use more intuitive or more friendly names for a column. That how you do it

Answer 42

Error

Question 43

But Sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the column header to whatever I choose. The one thing I will point out here is that if I wanted to name this Gross Revenue which is the name of the raw data column, I’m going to get this error that says the Pivot Table name already _________, so a little work around here. If I just add a space at the end, Excel will treat that as totally separate value and allow me to drop that in. So a little tip there. Sometimes you want to use more intuitive or more friendly names for a column. That how you do it.

Answer 43

exists

Question 44

But Sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the column header to whatever I choose. The one thing I will point out here is that if I wanted to name this Gross Revenue which is the name of the raw data column, I’m going to get this error that says the Pivot Table name already exists, so a little work around here. If I just add a __________ at the end, Excel will treat that as totally separate value and allow me to drop that in. So a little tip there. Sometimes you want to use more intuitive or more friendly names for a column. That how you do it.

Answer 44

space

Question 45

But Sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the column header to whatever I choose. The one thing I will point out here is that if I wanted to name this Gross Revenue which is the name of the raw data column, I’m going to get this error that says the Pivot Table name already exists, so a little work around here. If I just add a space at the end, Excel will treat that as a______________ and allow me to drop that in. So a little tip there. Sometimes you want to use more intuitive or more friendly names for a column. That how you do it.

Answer 45

totally separate value

Question 46

But Sum of Gross Revenue (Excel Pivot Tables) isn’t a very friendly name so let’s say I want to change that to Total Revenue instead. All you need to do is select that header label and go up in the formula bar and just type in the new name right there and it just changes the column header to whatever I choose. The one thing I will point out here is that if I wanted to name this Gross Revenue which is the name of the raw data column, I’m going to get this error that says the Pivot Table name already exists, so a little work around here. If I just add a space at the end, Excel will treat that as a totally separate value and allow me to drop that in. So a little tip there. Sometimes you want to use more intuitive or more friendly names for a _________. That how you do it.

Answer 46

column

Question 47

On 1st of August 2017, A Code Working Group (FMA) was established for what purpose?

Answer 47

To develop the new Code of Conduct for financial advice.