Should Australian financial advisers be allowed into NZ?

The FMA are wanting to hear the industry’s thoughts on a proposal to recognise that Australian qualified advisers meet the standards of the new code of conduct.

Monday, October 26th 2020, 10:41AM

In a statement released today the FMA have announced that they are seeking industry insights and opinions on a new provision to be added to the FSLAA when it rolls out on March 15 next year.

The provision is specifically related to the Code of Professional Conduct for Financial Advice Services, which will apply to all persons who give regulated financial advice to retail clients.

In a statement the FMA outline their proposal to “recognise that individual Australian advisers demonstrate the competence, knowledge and skill standards set by the Code if they hold certain Australian adviser qualifications”.

The full proposal can be viewed on the FMA website. Submissions close at 5pm on Friday 20 November, 2020.


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