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Regulation

The Company was initially authorised in 1999 by the former Securities Commission as an Authorised Introducing Broker with the NZ Futures & Options Exchange, then as an NZX Futures & Options Participant Firm. In 2011, the Financial Markets Authority accredited the Company as an Authorised Futures Dealer. In 2015, the Financial Markets Authority licensed PFD as a Derivatives Issuer as per the Financial Markets Conduct Act 2013.

More on Regulations

(1) http://fma.govt.nz/compliance/role/derivatives-issuers/who-needs-to-comply/

(2) http://fma.govt.nz/compliance/role/derivatives-issuers/#e1823

Member, Financial Service Provider Register, FSP 28944
Member of the Financial Dispute Resolution (FDR scheme), New Zealand.

Financial Dispute Resolution

Supervision

The Company is supervised by the Financial Markets Authority.

"FMA takes a risk-based approach to monitoring, meaning the extent of supervision varies depending upon their priorities and the nature of businesses. It can range from a full onsite inspection through to information requests and desk-based reviews. As a minimum, FMA will seek assurance that PFD is complying with the basics, ie:

  • PFD is meeting the minimum standards for licensing.
  • PFD is complying with the conditions attached to its licence.

FMA will also assess PFD's conduct generally as a licence holder and check PFD is complying with key legislation such as the Financial Advisers Act 2008, the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and the fair dealing provisions within the FMC Act".

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