FMA Flashcards
What does FSPR stand for with respect to the FMA?
Financial Services Providers Register
What is FSPR?
A searchable only register of the people and businesses that offer financial services in New Zealand.
What Act created the Financial Services Providers Register?
The Financial Services Registration and Dispute Resolution Act 2008
When was the Financial Services Registration and Dispute Resolution Act 2008 passed?
29 September 2008
When did the Financial Service Providers Register open to accept applications?
16 August 2010
What is an acronym for financial service provider?
FSP
What does the acronym FSP stand for with respect to the FMA?
financial service provider
When did the financial services register become compulsory for most FSPs?
December 2010
What does AFA stand for with respect to the FMA?
Authorised financial advisors
What is the acronym for authorised financial advisor?
AFA
What does QFE stand for with respect to the FMA?
Qualifying financial entities
What is the acronym for Qualifying financial entities?
QFE
What are DIMS providers with respect to the FMA?
Discretionary investment management service providers
What does the acronym DIMS stand for with respect to FMA?
Discretionary Investment Management Services
What is the acronym for Discretionary investment management service?
DIMS
When are you providing Discretionary Investment Management Services
(DIMS)?
When an investor gives you authority to make decisions about buying or selling financial products on their behalf.
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)?
A license
What does the FMC Act refer to?
The Financial Markets Conduct Act 2013.
What do you need under the FMC Act to provide Discretionary Investment Management Services (DMC)?
A license
What was the Securities Commission?
An independent Crown Entity of the government of the government of New Zealand.
What was the role of the Securities Commission?
Main regulator of investments
What was the Securities Commission replaced by?
The FMA?
When did the FMA replace the Securities Commission?
On 1 May 2011
When was the FMA established?
1 May 2011
What Bill established the FMA?
The Financial Markets Regulation and KiwiSaver Bill
When was the Financial Markets Regulation and KiwiSaver Bill passed?
7 April 2011
What act established the FMA?
The Financial Markets Authority Act 2011
What did the Financial Markets Authority Act 2011 establish the FMA as?
An independent crown entity.
Other than establishing the FMA, what did the Financial Markets Authority Act 2011 do?
Set out its functions
The key _________ obligation of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets .
statutory
The key statutory __________ of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets .
obligation
The key statutory obligation of the FMA is to _________ and facilitate development of fair, efficient and transparent financial markets .
Provide
The key statutory obligation of the FMA is to provide and _______ development of fair, efficient and transparent financial markets .
facilitate
The key statutory obligation of the FMA is to provide and facilitate ________ of fair, efficient and transparent financial markets .
development
The key statutory obligation of the FMA is to provide and facilitate development of ____, efficient and transparent financial markets .
fair
The key statutory obligation of the FMA is to provide and facilitate development of fair, _______ and transparent financial markets .
efficient
The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and _________ financial markets .
transparent
The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and transparent _____________ .
Financial markets
What is the Key statutory obligation of the FMA?
The key statutory obligation of the FMA is to provide and facilitate development of fair, efficient and transparent financial markets.
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.
Formula
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.
Column
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
Error
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.
exists
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.
space
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.
totally separate value
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.
column
On 1st of August 2017, A Code Working Group (FMA) was established for what purpose?
To develop the new Code of Conduct for financial advice.
