See here for all authorisation, renewal and registration information.
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.
28 August 2017
The Financial Markets Authority is publishing its annual corporate plan for the first time, setting out its planned regulatory activities and key areas of focus to June 2018.
22 June 2017
Media Release22 June 2017 The Financial Advisers Disciplinary Committee (FADC) has released its decision into FMA’s complaint against an authorised financial adviser. The FADC has granted name suppression for the time being, until a decision has been made on disposition. A copy of the decision can be found here. Share this Share on Facebook Tweet this...
5 May 2017
Media release MR No. 2017 – 158 May 2017 The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track...
12 March 2018
We are seeking feedback from licensed derivative issuers (DI), managers of managed investment schemes (MIS) and discretionary investment management service (DIMS) providers on the information they will have to supply in their annual regulatory returns.