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
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.
On 13 December 2018, the Minister of Commerce and Consumer Affairs released a discussion paper that is seeking feedback on proposed financial advice provider licensing fees, and changes to the FMA levy that will apply in the new financial advice regime.
This consultation sought feedback on proposed regulations to support measures in the Financial Services Legislation Amendment Act in relation to addressing misuse of the Financial Service Providers Register.