Regulations to support the Financial Services Legislation Amendment Act
The Financial Services Legislation Amendment Act introduces a new regulatory regime for financial advice.
On this page
It amends the Financial Markets Conduct Act and also makes changes to the registration requirements for the Financial Service Providers Register. A number of regulations need to be made to support the measures in the Act.
In this section
Disclosure requirements
In June 2020, regulations that set the disclosure requirements that will apply in the new regime were made. These regulations give effect to Cabinet policy decisions made in February 2019.
Licensing fees and levies
In October 2019 and December 2020 regulations were made that set the licensing fees and levies that will apply in the new financial advice regime.
Addressing misuse of the Financial Service Providers Register
In December 2020, regulations which include measures to address the misuse of the Financial Service Providers Register (FSPR) were made.
Implementation regulations
In December 2020, other regulations required to implement the Financial Services Legislation Amendment Act were made.