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FMG confirmed as Qualifying Financial Entity
Media Release - For immediate release
Issued 15 March 2011
FMG
confirmed as Qualifying Financial Entity
The Securities Commission has confirmed New Zealand Rural Insurer FMG’s status as a Qualifying Financial Entity (QFE) under the Financial Advisers Act 2008. The approval will allow FMG to take on a frontline compliance function for its employee advisers and Life Risk Advisers under the supervision of the Commission.
“Over the last 105 years FMG has built its reputation on being committed to the highest standards of conduct and service,” said FMG Chief Executive Chris Black. “That’s why undertaking this process was important to us.”
“We have worked hard as an organisation to achieve this status. We want our customers to have confidence in our advice and to feel they are given all the information they need to make the right decision.”
FMG is registered on the
Financial Service Providers Register. Further information
on QFE’s can be found on Securities Commission website at
http://www.sec-com.govt.nz/far/qfe/
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