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New Zealand’s FMA proposes limiting leverage for retail investors

The FMA of New Zealand is seeking feedback on potential changes to the standard conditions imposed on Derivative Issuer (DI) licences.

Firma Foreign Exchange Corporation (NZ) Limited has contravened a number of its obligations as a licensed derivatives issuer (DI).

The distribution methodology was proposed by the receivers and liquidators of PTT, and supported by New Zealand’s FMA.