Regulatory Alerts2026-04-29
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FMA publishes second annual report on financial advice regulatory returns
The Financial Markets Authority released its second annual report analyzing regulatory returns from licensed financial advice providers for the periods ending June 2024 and June 2025. The data reveals a 10 percent increase in licensed providers and a dramatic 90 percent surge in clients receiving digital advice, highlighting rapid sector evolution. The FMA emphasized the necessity of accurate data submission to effectively oversee adviser obligations and improve consumer outcomes, noting that while complaints upheld fell, some providers submitted incomplete returns.
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