In January 2012, FMA released a draft guidance note on Effective Disclosure. Following a first round of submissions a second version of the guidance note was released.
We received 40 further written submissions, from a wide range of market participants, professional advisers and consumer groups.
The further submissions were detailed and constructive. We thank all submitters for their assistance which has helped us to refine and finalise the guidance.
Copies of the non-confidential submissions are attached below.