FMA asks court to clarify who an 'eligible investor' is

The High Court will decide who can be considered an eligible investor. (Image: Jason Oxenham)

Fri, 02 May 2025

What makes someone eligible to invest in unregulated financial products will be decided by the High Court, following a hearing on Thursday.In an unusual move, the Financial Markets Authority (FMA) has asked the court to clarify the use of "eligible investor" certificates to qualify people for riskier investments.While retail financial products come with strict disclosure requirements, offers with little disclosure or oversight can be made to people who are deemed to be sophisticated investors because they are either wealthy or eligibl...

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