Friday 25th June 2010 |
Text too small? |
A swift final consultation round will get under way next week as the Code Committee for Financial Advisers releases last discussion points following the passage, yesterday, of late changes to the Financial Advisers Act.
In particular, new regulations under the Act will now allow mortgage brokers and life insurance advisers to voluntarily opt into the authorisation regime.
Passage of the Act "provides the committee with sufficient certainty to be able to formally proceed with completing our task of developing the draft Code of Professional Conduct for Authorised Advisers," Code Committee chair, Ross Butler said.
The Code will also be used as the benchmark for entities and groups seeking to become Qualifying Financial Entities.
The committee would release an updated draft code next week, hold "a final series of quick, targeted consultation, including public forums in mid-July.
"Our objective is to have a draft Code available before the end of July for formal presentation to the Commissioner for approval," said Butler.
Businesswire.co.nz
No comments yet
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025
June 25th Morning Report