Regulation environment and data protection

The meaning of regulation

Regulation is crucial for any trader. It underpins and reinforces a financial management culture that promotes transparency and accountability that help keep the client’s best interests at the core of any financial and market activities.

The advantages of regulation

There are many. Some of the most obvious are prevention of identity theft, security of data and transactions, segregation of clients’ and company’s funds and many more. Trading in regulated environment means trading in fair and legal market conditions.

Regulation in trader’s interests

Investor protection is the most desirable policy for a trader. And this is the policy a regulated financial service provider like MGFTrading runs on. We adhere to the strict rules of New Zealand Financial Markets Authority and offer transparent and efficient participation in market activities.

Financial Markets Authority (New Zealand)

All legal financial markets activities, participants, and operations in New Zealand are governed by the Financial Markets Authority (FMA). As the FMA indicates on their official website, they “promote and facilitate the development of fair, efficient and transparent financial markets.” This means that MGFTrading regulated by FMA implements policies for risk management, financial reporting, and systematic external audit. MGFTrading’s regulatory duties include implementing extensive policies for risk management, consistent financial reporting, and systematic external audit.

Protection of data and funds

Regulated by the FMA, MGFTrading keeps traders’ data protected. We use servers in SAS 70 certified data centers and DLP (Data Lost Prevention) solutions to make sure traders information stays secure. We also employ high-tech encryption for any financial operations carried out on our platform. For traders’ safety and in compliance with FMA regulations, all clients’ funds are segregated from company’s funds within a separate trust account.

Financial transparency and efficiency

Under the section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act), all licensed financial service providers must implement anti-money laundering policies and verification of accounts to prevent identity theft and financing of terrorism and other criminal activities. It is also important for New Zealand traders to note that due to FMA licensing any licensed financial service provider, such as MGFTrading, are subject to vigorous external audit and is held accountable to financial and government bodies of the country. It is also important to note, that any licensed financial service provider in New Zealand is subject to vigorous external auditing to ensure they are abiding by the relevant laws and regulations. This makes trading transparent and works in the best interests of any trader.

LICENSES:

MGFTrading is the trading name of Magellan Global Fund (“MGF”). MGF is a New Zealand incorporated company (Company No. ABN 31120 593946) with registered address at Level 36, 25 Martin Place, Sydney NSW 2000.

MGF is licensed and regulated by the New Zealand Financial Markets Authority (AFS Licence No. 304301) and the Australian Securities and Investments Commission (AFSL No. 404091).

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