1. News and resources
  2. FMA Update
  3. AFA Update archive

AFA Update archive

Clear all

Found 36 results. Displaying page 2 of 2

    24 October 2013

    Financial Markets Authority AFA Update: Issue # 16

    Guidance Note: Discretionary Investment Management Services Today FMA issued a guidance note on Discretionary Investment Management Services (DIMS) for Authorised Financial Advisers (AFAs) who are licensed to provide DIMS, and others providing ‘custody’ or broking services. In July a consultation draft was released and since then we have received and reviewed submissions and held face to face sessions with industry representatives to discuss practical aspects of the guidance note. Thank yo...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-16/

    27 September 2013

    Financial Markets Authority AFA Update: Issue # 15

    Release of exposure draft of Code delayed The Code Committee for Financial Advisers has announced a short delay for the release of the exposure draft version of the Code of Professional Conduct for Authorised Financial Advisers. It is expected that the exposure draft will be available on the Code Committee website from Thursday 3 October. This will be available for comment for three weeks instead of the two weeks previously indicated. Regulatory Reporting Guide consultation – don’t forget...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-15/

    12 September 2013

    Financial Markets Authority AFA Update: Issue # 14

    Talk to us Have you taken the opportunity to talk to us yet? We’re eagerly waiting to hear your feedback on what you think is important for the future of New Zealand’s financial markets. You can also find out more about what we’re currently consulting on. So, why not visit us now? AFA Monitoring Report Our April to June 2013 AFA Monitoring Report has now been released. In this edition we talk about the thematic review we conducted on NZX Adviser AFAs. The purpose of our review was to fin...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-14/

    5 September 2013

    Financial Markets Authority AFA Update: Issue # 13

    Regulatory Reporting - getting ready to report online Regulatory reporting is changing, so in the next few weeks we will be inviting you to give us feedback on our first Regulatory Reporting Guide (RRG) for Authorised Financial Advisers (AFAs). The RRG will set out the periodic and other reporting, accounting and notification requirements that each AFA must report to us, to ensure they are compliant with Standard Condition 2 of the Standard Conditions for AFAs. The RRG will also contain guidan...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-13/

    9 August 2013

    Financial Markets Authority AFA Update: Issue # 12

    Code of Conduct consultation underway The Code Committee for Financial Advisers is conducting its first review of the Code of Professional Conduct for Authorised Financial Advisers. A consultation paper on proposed changes to the Code is now available on the Code Committee’s website. Submissions close 5 pm Friday 6 September. You may also be interested in attending one of the Committee’s public meetings to discuss the changes. Please RSVP as shown if you would like to attend.

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-12/

    26 July 2013

    Financial Markets Authority AFA Update: Issue # 11

    Upcoming opportunities to provide feedback Over the next few months FMA will be embarking on a series of consultations and discussion workshops to seek input into both proposed new guidance, and the upcoming Financial Markets Conduct Bill legislative changes. In some cases we will seek initial input directly from affected market participants or from their representative industry bodies. In other cases, we will publish public consultation documents. And in others, we will do a mixture of these...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-11/

    4 April 2013

    Financial Markets Authority AFA Update: Issue # 10

    Are you currently providing Discretionary Investment Management Services (DIMS)? FMA is in the process of conducting a thematic monitoring project focused on AFAs who are licensed to provide Discretionary Investment Management Services. There are currently around 1,300 AFAs licensed to provide these. The purpose of the project is to: • Get confirmation from AFAs licensed to provide Discretionary Investment Management Services that they are currently providing this service to clients. • Mon...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-10/

    18 December 2012

    Financial Markets Authority AFA Update: Issue # 9

    AFA Survey Findings We had an unprecedented response to our survey and wish to thank all of those who participated. We have attached our report setting out key themes and outlining our responses to the issues. FMA has already started talking to industry about these issues and we will continue this dialogue in 2013. AFA Survey 2012 - Summary of Findings and FMA response. AFA Monitoring Report Our second monitoring report has now been published and you can access a copy of it here. We will be...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-9/

    25 September 2012

    Financial Markets Authority AFA Update: Issue # 8

    AFA Questionnaire - final day to respond is Friday 28 September 2012 We've emailed all AFAs a questionnaire seeking input on how financial adviser regulation has impacted your business. We've been really encouraged by the high level of interest and to date we've had over 700 responses. Thank you for this input. Remember if you haven't yet responded the deadline is Friday 28 September 2012. Please take this opportunity to have your say. Complaints - offering 'AFA' services We often receive com...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-8/

    1 July 2012

    Financial Markets Authority AFA Update: Issue # 7

    AFA Interim Monitoring Report FMA has released an interim report providing feedback on AFA monitoring visits to 34 advisers over five locations in the nine months September 2011 to June 2012. You are strongly encouraged to read the report and consider whether the observations made might also apply to your own client advice processes. If so, you should make the necessary improvements. The report is available on our website here. Overdue annual ABS confirmations Advisers with overdue annual ABS...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-7/

    30 April 2012

    Financial Markets Authority AFA Update: Issue # 6

    AFA standard conditions Authorised Financial Advisers (AFAs) must comply with their terms and conditions of authorisation which include: • Standard Conditions • Any terms and conditions specific to the AFA The Standard Conditions apply to all AFAs and are available on our website with explanatory notes. FMA considers it part of your professional obligations to be familiar with these conditions and to understand your obligations which include providing us with periodic reporting and notif...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-6/

    5 March 2012

    Financial Markets Authority AFA Update: Issue # 5

    How we'll monitor competence, knowledge and skills Most AFAs will now have begun their first CPD period. The CPD requirement supports the requirement for you to have the competence, knowledge and skills you need to provide the financial adviser services you offer (Code Standard 14). It will help you to deliver advice or services that are suitable for each client. When looking at whether an AFA is meeting the competence requirements of the Code of Professional Conduct, these are some of the fa...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-5/

    20 December 2011

    Financial Markets Authority AFA Update: Issue # 4

    Code Standard 6 (d) guidance note FMA has released a guidance note addressing questions and concerns raised by significant sectors of the market as to FMA's expectations and intended application of Code Standard 6 (d) of the Code of Professional Conduct for Authorised Financial Advisers (AFAs).The guidance is provided particularly in the context of recommendations in relation to public issues (securities listed, or to be listed on a registered market) but is also relevant to recommendations in...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-4/

    4 November 2011

    Financial Markets Authority AFA Update: Issue # 3

    AFA Update emails - alerting you to your obligations This periodic email provides information, guidance and feedback to help you meet your obligations as an AFA. Initial monitoring feedback Around 45 AFAs have now been visited, or had their Adviser Business Statements reviewed. We've provided individual feedback to these advisers. Generally we're seeing evidence of a commitment to professionalism and to fulfilling the obligations placed on AFAs. Advisers have positively engaged with the mon...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-3/

    5 October 2011

    Financial Markets Authority AFA Update: Issue # 2

    AFA Update emails - alerting you to your obligations This periodic email provides information, guidance and feedback to help you meet your obligations as an AFA. First monitoring visits complete AFAs in the lower North Island have taken a constructive approach to our first round of monitoring visits. We are now pulling together conclusions for each adviser from a review of their Adviser Business Statement (ABS) and professional development plan and from notes taken during the visit. We'll b...

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-29/

    2 September 2011

    Financial Markets Authority AFA Update: Issue # 1

    AFA Update emails - alerting you to your obligations Authorised Financial Advisers (AFAs) have certain obligations under law, their Standard Conditions and the Code of Professional Conduct for Authorised Financial Advisers. This new periodic email update has been designed to alert AFAs to information, guidance and feedback to help you meet those obligations. If you would like your compliance officer or support person to also receive future copies, please use this link to forward them a copy....

    https://fma.govt.nz/news-and-resources/fma-update/afa-update-archive/financial-markets-authority-afa-update-issue-1/