MR 2016 – 16
04 July 2016
The Financial Markets Authority has announced the reappointment of two members of the Code Committee. The Committee was established in July 2009 to draft a code of Professional Conduct for Authorised Financial Advisers (AFAs).
David Ireland, Chair, and Gary Young have each agreed to extend their term for another year to 29 July 2017. The Financial Advisers Act sets Committee membership at between seven and 11. Currently it has nine members.
The Code of Professional Conduct for AFA’s has recently been revised by the Committee after completing a consultation process as required under the Financial Advisers Act. The draft code has been approved by the Financial Markets Authority and will be forwarded to the Minister of Commerce and Consumer Affairs for approval. The committee anticipates the revised Code will come into force by the end of the year.
Code Committee members details can be found on the Committee’s website at http://www.financialadvisercode.govt.nz/
09 300 0465 or 021 847 192