Financial Services Legislation Amendment Act
The Government has passed new legislation that changes how financial advice is regulated in New Zealand.
What's happening, and when
The new financial advice regime will come into effect on 29 June 2020.
Who can give advice, and how
Anyone in the business of giving financial advice to retail clients will now need to be engaged by a ‘financial advice provider’, licensed by the Financial Markets Authority.
What is changing for advisers
Under the new regime, the categories of Authorised Financial Advisers (AFAs), Registered Financial Advisers (RFAs) and Qualifying Financial Entities (QFEs) will be removed. Those providing financial advice will fall into new categories.
What you need to do
What you need to do to prepare for the new regime depends on how you or your business wants to be structured.
How to apply for a transitional licence
Instructions for individuals and businesses looking to apply for a transitional licence.
The role of the FSPR
The FSPR is a register of people, businesses and organisations that provide financial services in NZ.
Terms and conditions
These terms and conditions apply to the FSPR and your online services account with us.
Complaining about an FSP
How to make a complaint about a financial service provider (FSP) and where to send it.
Find out how to contact us with an enquiry about the FSPR.