The New Zealand Financial Markets Authority has opened a review of New Zealand’s regulatory framework for custody of client assets, describing custody as the holding and safeguarding of investors’ money or property, and invited custodians, other financial service providers, investors and the public to engage to help shape proposals for reform.
New Zealand Financial Markets Authority opens review of regulatory framework for custody of client assets
The New Zealand Financial Markets Authority has initiated a review of the regulatory framework for custody of client assets, inviting input from custodians, financial service providers, investors, and the public to inform potential reforms.