1. Compliance
  2. Authorised financial advisers
  3. Financial Advisers Disciplinary Committee

Financial Advisers Disciplinary Committee

The Financial Advisers Disciplinary Committee (FADC) is an independent body established under the Financial Advisers Act. The FADCs functions are:

  • To conduct disciplinary proceedings arising out of complaints about Authorised Financial Advisers (AFAs) in relation to breaches of the Code of Professional Conduct, as referred to the FADC by the FMA
  • To consider and impose appropriate penalties that may range from recommending that the FMA cancel an AFA's authorisation, to imposing a fine of up to $10,000 as a result of disciplinary proceedings.

For more information on the FADC upcoming hearings and members of the committee go to fadc.govt.nz