Code Committee Releases Consultation Paper – Proposed Minimum Requirements of Continuing Professional Training

19 January 2010

The Code Committee today released the third in a series of consultation papers. The paper is available online (PDF 150KB).

The Financial Advisers Act 2008 requires the Code to provide for Continuing Professional Training (CPT) for Authorised Financial Advisers (AFA), and to specify minimum requirements that an AFA must meet for the purposes of CPT.

This latest discussion paper outlines the key objectives of our proposals, the proposed minimum CPT requirements, how the requirements might be recorded and monitored, and makes reference to CPT and CPD programmes provided by professional and other bodies.

The Code Committee welcomes submissions on the discussion paper, which includes a list of consultation questions. We encourage and value your feedback.

We also expect to hold three consultation meetings, which are likely to be on 8 and 10 February, in Auckland, Wellington and Christchurch. Having these meetings will depend upon the level of interest by advisers, their employers, industry and professional bodies, consumers, and other parties. Please let us know at if you would like to participate.

Submissions on this discussion paper must be received by 5pm Friday 12 February 2010 and should be sent to: or

posted to: Code Committee, c/o Securities Commission, PO Box 1179 Wellington 6011.

Ross Butler
Chairman, on behalf of the Code Committee.
Wellington, 19 January 2010.


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