Exposure draft: Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations 2019

closed
Submissions closed: 08 November 2019, 5pm

Consultation is now open on the draft regulations that will set the disclosure requirements in the new financial advice regime.

The Financial Services Legislation Amendment Act 2019 introduces a new regulatory regime for financial advice. In February 2019 the Government agreed on the disclosure requirements that will apply in the new regime, and these will be given effect by the Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations 2019.

We would like feedback on the draft regulations. In particular, we are seeking feedback on whether these draft regulations achieve the policy intent and whether they are workable in practice for the different ways in which advice could be given.

Once we have considered submissions, we will finalise the regulations for consideration by Cabinet in early-2020.

Submissions close at 5:00 pm on Friday 8 November 2019.