Chapman Tripp commends the Financial Markets Authority (FMA) for
producing a Guide on the FMA's view of conduct.
The guidance should be welcomed by regulated issuers and financial
service providers who do business in New Zealand.
Overall, Chapman Tripp believes that the FMA's draft guide could be a
useful contribution to New Zealand's evolving regulatory landscape under the
Financial Markets Conduct Act 2013 (FMCA), and its approach to
achieving clarity and transparency is commendable.
We have offered feedback with the goal of improving the guide, and made
suggestions for revisions which, in our opinion, would assist regulated
entities to understand their obligations and the FMA's expectations in relation
to market conduct.
Our submission can be viewed here.