With less than two months left to make a decision, a number of advisers are still unsure whether they will offer discretionary investment management services (DIMS) as of the second half of this year.
Advisers who want to carry on offering DIMS under the new regulations have to take some action by the end of May.
Applications for a licence for class DIMS must be received by May 31. Those who want to offer personalised DIMS must file a new ABS by the same date.
Advisers who have been authorised to offer DIMS previously but no longer want to offer the service need to contact the FMA to cancel their authorisation...MORE»
Friday, March 13th, 6:00AM
Advisers are being asked to fill out a survey for the Ministry of Business, Innovation and Employment on what they think about regulation of the sector, as part of the review of the Financial Advisers Act.MORE»
Tuesday, March 10th, 6:00AM
Accountants and lawyers should no longer be allowed any exemptions to offer financial advice outside the control of the Financial Advisers Act, one industry commentator says.MORE»
The FMA is warning that just doing the basics of compliance won’t be enough under the Financial Markets Conduct Act.MORE»
Some adviser businesses do not realise they are reporting entities under AML legislation, the FMA says.MORE»
The review of financial adviser regulations has officially started and one industry leader is saying there should not be different classes of advisers.MORE»
Terms of reference for the Financial Advisers Act review have been released.MORE»
Advice accessibility and suitability, as well as issues of conflict of interest, are likely to be top of the list to address as the Financial Advisers Act is put up for review, a regulation expert says.MORE»