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New Zealand's FMA Lifts the Suspension of AxiCorp's Licence
The Financial Markets Authority (FMA) of New Zealand today announced that it has lifted the suspension on the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader), effective from 2 December 2021.
Let's recall that, in June 2019, the FMA suspended AxiCorp’s derivatives issuer licence for material breaches of the Financial Markets Conduct Act 2013.
AxiCorp has demonstrated to the regulator that it has taken adequate steps to address the material breaches and that it has adequate systems, processes and resources in place to ensure compliance with the FMC Act and to effectively perform services under the licence.
Recently, FMA has published a warning on its website against Immediate Edge.
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