CODE COMMITTEE FOR FINANCIAL ADVISERS
5 December 2013
Revised Code of Conduct submitted to FMA See news release
19 – 26 August
Public meetings on Code Consultation See venues and times
9 August 2013
Code of Conduct consultation begins See news release
31 July 2013
Chair for Financial Adviser Code Committee re-elected See news release
The Code lays down minimum standards of competence, knowledge and skill, ethical behaviour and client care, along with minimum requirements for continuing education and training.
The Code was approved by Hon Simon Power, Minister of Commerce, on 21 September 2010 and came into force on 1 December 2010.
See the Financial Markets Authority booklet version (PDF 716KB) of the code.
The Code Committee is currently reviewing the Code of Professional Conduct for Authorised Financial Advisers. Submissions on a Code consultation paper closed on Friday 6 September 2013. See the consultation document (PDF 668KB).
A draft version of the revised Code submitted to FMA on 5 December 2013, showing changes from the current version can be viewed here (PDF 833KB). The Code Committee’s response to submission points raised on the 2013 review of the Code can be viewed here (PDF 1.7MB), and its response to submission points raised on the exposure draft of the revised Code can be viewed here.
The Code Committee was established under the Financial Advisers Act 2008.
The Code Committee produced a draft code which was approved by the Minister of Commerce under section 92 of the Financial Advisers Act 2008 on 21 September 2010. The Code Committee is now responsible for reviewing the Code from time to time.For further information concerning financial advisers outside of the scope of the Code, visit www.fma.govt.nz