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.