What is FMCA?
The Financial Markets Conduct Act 2013 (FMCA) is a piece of law that governs how financial products are created, promoted and sold. The Financial Markets Conduct Bill was introduced into Parliament in October 2011 and passed into law in September 2013. It replaces the Securities Act 1978, Securities Markets Act 1988, and incorporates and amends a range of other related investment legislation.
Find out more about the Act at www.fma.govt.nz.
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Effective from 1 May 2017 ASB Securities has discontinued offering the option to participate in Foreign Dividend Reinvestment Plans (DRP) ...