The companies, products and regulatory developments shaping the broker industry.
An FMA review of 55 managed investment schemes from 37 managers identifies disclosure weaknesses without accusing all reviewed providers of wrongdoing.
EDGX will rely on the primary listing exchange’s circular for UTP derivative securities, while written descriptions, customer communications, trading rules and surveillance obligations remain.
The November event will examine how investors and firms use structured information, alongside the costs and risks of advanced AI systems.
The consultation would give fund distributors more detail on the sources of cash distributions, major holdings and transaction activity.
The action concerns supervisory controls during the takeover-offer period in May and June. The fine was imposed on 15 October and disclosed on 20 October; Nomura can appeal.