New code for financial advisers due in July

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report