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