Means at this time bad execution is almost common. Yes they allow any trading style. As far as I understand all they worry is volume win/lose dont care.
This is end of day e.g. 5PM EDT when NZ news released. I think they reject claims.
Yes, see FMA link from https://www.pfd-nz.com/licence and http://www.business.govt.nz/fsp/app/service/services/fsp/document/8867715E9AB56EA9C039B38D5B017F35/content
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