Exemption from FMC Act Licensing Requirements
On 25 August 2015, the Minister of Commerce and Consumer Affairs, Paul Goldsmith, announced that the share trading platform “Unlisted” will be granted an exemption from the licensing requirements of the Financial Markets Conduct Act 2013 (the FMC Act). Unlisted provides a facility for trading previously allotted securities, through unlisted stockbrokers and has been operating [...]