Regulations to support the Financial Services Legislation Amendment Act

The Financial Services Legislation Amendment Act introduces a new regulatory regime for financial advice.

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

In October 2019 regulations were made that set the licensing fees that will apply in the new financial advice regime.

Addressing misuse of the Financial Service Providers Register

On 17 June 2019 Cabinet agreed to measures to prevent the misuse of the Financial Service Providers Register (FSPR).

Implementation regulations

On 17 June 2019 Cabinet agreed to various other regulations required to implement the Financial Services Legislation Amendment Act.

Last updated: 25 June 2020