Welcome

A new law to regulate financial advisers means that people giving financial advice will need to have minimum qualifications and meet professional standards of conduct. This Act was passed in September 2008 and the new regime is expected be in place by late 2010.

The law promotes the delivery of sound financial advice, and gives the public confidence in advisers' professionalism.

About the Code Committee

The Committee was appointed in July 2009 by the Commissioner for Financial Advisers. The Commissioner is a Member of the Securities Commission, but the Code Committee is independent.

Its job is developing and maintaining a professional code of conduct for financial advisers. To keep up-to-date with discussion documents and releases made by the Committee please e-mail secretary@financialadvisercode.govt.nz and ask to be included in their mailing list.

About the Financial Advisers' Code of Conduct

The Code will lay down minimum standards of competence, knowledge and skill, ethical behaviour and client care, along with minimum requirements for continuing education and training.

It's likely to be drafted by early 2010.

For financial adviser information that's unrelated to Code Committee business, visit www.seccom.govt.nz