15 March 2021
Start to new licensing regime for financial advice
The Financial markets Authority (FMA) welcomes the start of the new financial advice regime from 15 March 2021. Under the new regime, anyone who gives regulated financial advice to retail clients must either hold, or operate under, a Financial Advice Provider licence. All providers of financial advice are now subject to the same obligation to place the interests of their clients first and must adhere to a new Code of Conduct.
Licensing & registration, Financial Services Legislation Amendment Act (FSLAA), Media release, Business
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