An organisation that employs a number of financial advisers may want to become a QFE.
To become a QFE, a business must undertake a number of duties. Find out more here.
To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria.
Putting investor interests first is at the heart of raising the standards of how financial advice is conducted.
QFE advisers are employees or nominated representatives of Qualifying Financial Entities (QFEs). Find out more about what products they can sell and their obligations here.
See the current list of businesses who have QFE status.
Read how 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.
Our work focuses on the QFE's capacity to ensure compliance by its advisers. The current focus for QFE monitoring will be on 4 key areas.
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.
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...
20 February 2017
Media release MR No. 2017 – 05 20 February 2017 The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of the broad range of conduct regulation powers available under the Financial Markets Conduct Act 2013. Key ac...