Check out our recent factsheet ‘Changes ahead for AFAs who provide DIMS’.
We are also working on some guidance to help explain the difference between a ‘Class’ and ‘Personalised’ Discretionary Investment Management Service (DIMS). We expect to publish this in February.
FMA has reviewed its’ AFA application requirements and has made some important changes.
These include changes to the requirements relating to testimonials and the introduction of a new Supplementary Application Information Form.
At a glance we now require:-
There are also new verification requirements for qualifications.