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.
All AFAs must comply with the requirements of the Financial Advisers Act 2008. This includes disclosure obligations which are set out in regulations.
See here for all licensing and registration information.
Download the list of AFAs - current as at 11 July 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:
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.
The Code applies to all AFAs.
Putting investor interests first is at the heart of raising the standards of how financial advice is conducted.
To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria.
How we monitor, and our current focus for each adviser type and for those on the perimeter of financial advice and services.
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.
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.
Find out more about exemptions for AFAs and overseas finanical advisers, current notices and how to apply for one.
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.
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.
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.
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).
14 July 2016
Media ReleaseMR No.2016 - 2014 July 2016 The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game. Under the FMCA, fund managers, discretionary investment management service providers and derivatives issuers must meet new governance and capability standards before 1 December 2016. Most firms have now com...
28 July 2016
We are seeking feedback on our conduct guide. The guide details how we will examine whether financial service providers are demonstrating good conduct under the Financial Markets Conduct Act (FMC Act).