1. Compliance
  2. Authorised financial advisers
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Authorised financial advisers

As an AFA, it is essential you are aware of your obligations under the Financial Advisers Act, the code of professional conduct, and other relevant financial market legislation. We recommend you visit this website often to stay up-to-date with the latest news, and ensure you are signed up to receive our FMA updates.

Who needs to comply

All AFAs must comply with the requirements of the Financial Advisers Act 2008. This includes disclosure obligations which are set out in regulations.

FAA review recommendations and FAQs

Calendar

See upcoming events and key dates.

Authorisation, renewals and registration

See here for all authorisation, renewal and registration information.

List of Authorised Financial Advisers (AFAs)

Download the list of AFAs - current as at 30 November 2016.

The FMA publishes this information for public use. The information is provided to us from external sources and the FMA does not guarantee the accuracy of the information. The obligation for updating AFA details on the Financial Service Providers Register (FSPR) is the responsibility of the AFA, not the FMA.

To find details on AFAs please visit the FSPR website and using the advanced search option complete as follows:

  • To search AFAs by name or FSP number type their name or FSP number in the 'search for FSP' field.
  • To search AFAs by location, under the 'financial services' drop-down box, select 'Financial adviser' then type your area in the 'address keywords' field.

Your obligations

As an AFA you must comply with a number of obligations when providing financial adviser services. It's important you understand your scope of obligations.

Code of Professional Conduct for AFAs

The Code applies to all AFAs.

Financial advice

Putting investor interests first is at the heart of raising the standards of how financial advice is conducted.

DIMS - all you need to know

To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria. 

Monitoring and surveillance

How we monitor, and our current focus for each adviser type and for those on the perimeter of financial advice and services.

Completing your annual AFA information return

The AFA information return is an online tool that each AFA must complete and submit annually. 

We have a formal complaints process if people or companies breach requirements. AFAs who breach the code may also face the Disciplinary Committee.

Fair dealing

The FMC Act provides for fair dealing in relation to financial products and services and sets out minimum compliance standards of behaviour for people operating in the financial markets.

Exemptions

Find out more about exemptions for AFAs and overseas finanical advisers, current notices and how to apply for one.

AML/CFT and you

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its Regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.

Fees and levies

Applicants must pay a fee when they either apply for a new licence for financial market services or apply to vary an existing licence. The relevant fees are set by the Ministry of Business, Innovation and Employment and outlined in the Financial Markets Conduct (Fees) Regulations 2014. Review the full list of fees.

 

Latest News

Fraud and its far reaching effects hit the big screen

20 September 2016

The inaugural New Zealand International Fraud Film Festival (Fraud Film Festival) is coming to Auckland’s Q Theatre in November. The festival is timed to coincide with November’s Fraud Awareness Week and will open on Friday, 18 November.

FMA releases conduct guide for feedback

28 July 2016

FMA has released a guide to how it will examine whether financial services providers are demonstrating good conduct under the Financial Markets Conduct Act (FMC Act).

 

Latest Consultations

Consultation paper: KiwiSaver advice

8 November 2016

We are seeking feedback on our KiwiSaver advice guidance note.

This guidance note is for providers advising on KiwiSaver products and will replace our 2012 Guidance Note: Sale and Distribution of KiwiSaver. We are replacing this guidance to recognise feedback that our 2012 approach resulted in some people not getting the help they needed, as firms saw it as risky to provide advice. This revised guidance is intended to change that situation, by encouraging advisers and financial firms to help people make good decisions about KiwiSaver.