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2016 Cabinet decisions on new regulatory financial advice regime

This page has the background documents for Cabinet's 2016 decision for a new regulatory regime for providing financial advice in New Zealand.

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In July 2016 the Government agreed to the design of a new regulatory regime for the provision of financial advice in New Zealand.

The new regime aims to improve access to quality financial advice while not imposing undue compliance costs on the industry or becoming a barrier to innovation.

July 2016 decisions

Read the:

Cabinet paper [PDF, 358 KB]

Regulatory impact statement: Review of the Financial Advisers Act 2008 [PDF, 952 KB]

Regulatory impact statement: Amendments to the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and Regulations [PDF, 290 KB]

Minister’s media release(external link)

Factsheet [PDF, 131 KB]

Frequently asked questions [PDF, 382 KB]

November 2016 decisions

In November 2016 the Government made further decisions regarding specific elements within the new regime.

Read the:

Cabinet paper [PDF, 422 KB]

Regulatory impact statement: Further amendments to the Financial Advisers Act and the Financial Service Providers Act [PDF, 730 KB] 

Minister’s media release(external link)

Factsheet [PDF, 438 KB]

© Ministry of Business, Innovation and Employment

https://www.mbie.govt.nz/business-and-employment/business/financial-markets-regulation/regulation-of-financial-advice/development-of-the-financial-services-legislation-amendment-act/2016-cabinet-decisions-on-new-regulatory-financial-advice-regime/
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