Regulations to support the Financial Services Legislation Amendment Act

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

It 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

On 25 February 2019 Cabinet made policy decisions on the disclosure requirements that will apply in the new financial advice regime and authorised the Minister of Commerce and Consumer Affairs to publicly consult on draft regulations.

Licensing fees and FMA levy

On 17 June 2019 Cabinet agreed on the licensing fees and the FMA levies 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: 12 March 2019