This information sheet outlines the reporting obligations of a Managed Investment Scheme (MIS) manager if there has been a limit break under its Statement of Investment Policy and Objectives (SIPO) under Part 4 of the Financial Markets Conduct Act 2013 (FMC Act).
This information sheet explains the exemption from the licensing requirements of the Financial Markets Conduct Act 2013 available to AFAs where Discretionary Investment Management Services (DIMS) are provided to a retail client on a contingency basis.
Changes to the way DIMS are regulated came into force on 1 December 2014. These include changes to the regulation of personalised DIMS provided to retail clients under the Financial Advisers Act 2008 (FA Act). This information sheet explains the transitional provisions that apply to AFAs who only intend to offer personalised DIMS under the FA Act.
This guide is for Authorised Financial Advisers (AFAs) and sets out the information to include in an Adviser Business Statement (ABS). The ABS describes your adviser business and the compliance arrangements you have in place so that your business operates professionally.
This guide explains how to apply to become an Authorised Financial Adviser (AFA). It also explains how to apply to make changes to your authorisation status and lists the reasons we may have to terminate authorisation.
This guidance note updates the November 2010 guidance note issued by the (then) Securities Commission. The approach to FAA exemptions remains largely the same and the section on fees has also been updated.