Financial Services Legislation Amendment Act

The Government has passed new legislation that changes how financial advice is regulated in New Zealand.

The Financial Services Legislation Amendment Act 2019 (the Act), which recently became law, aims to improve access to quality financial advice for all New Zealanders.

It requires changes to the way financial advice is regulated and delivered, and introduces new classifications and a new code of conduct for financial advice providers.

If you’re a business or individual offering financial advice these changes will likely affect you.

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Last updated 17 December 2019