Article tagged with 'Financial Markets Conduct Act'
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Adviser numbers might halve
19 Apr 2017 - It has been predicted that the number of advisers in the market could drop by up to 50% as the new regime beds in.
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Last attempt to change exemptions
18 Apr 2017 - Financial adviser groups have made one last attempt to get the rules tightened for accountants and lawyers who offer advice.
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Advisers can work with many entities: MBIE
06 Apr 2017 - MBIE has confirmed that a financial adviser will be able to work for more than one licensed financial advice provider under the new regime.
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PAA: Draft bill essentially 'demoting the AFAs'
04 Apr 2017 - It is wrong that the majority of participants in the financial services sector do not need any level of qualification but can still be called a financial adviser, the PAA says.
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Industry rallies to make its voice heard
03 Apr 2017 - The financial advice industry has picked holes in the exposure draft of the new legislation set to govern the sector with a large number of submissions filed so far.
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FARs - where's the accountability?
29 Mar 2017 - It is appropriate for financial advice providers to be accountable for their financial advice representatives, because they are simply acting as a conduit between the provider and the client, the Ministry of Business, Innovation and Employment says.
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Law change won't redraw boundaries
23 Mar 2017 -
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Dodds: All Blacks must be better than club rugby
23 Mar 2017 - Advisers who are thinking about ducking personal liability by becoming financial advice representatives under the new regime have been given a serve by Institute of Financial Advisers chief executive Fred Dodds.
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MBIE: Tell us what's better than FAR
22 Mar 2017 - With just over a week left of consultation, the Ministry for Business, Innovation and Employment has received just 10 submissions on the law that will transform the financial advice sector. But it says it knows there are concerns about some aspects - and wants to know how it could be made better.
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Code Committee voices objections
16 Mar 2017 - The Code Committee has slammed the wording of a new client-first duty set to become law for financial advisers, and the lack of personal accountability proposed for financial advice representatives.