Code of conduct for financial advice services
What it is and how it works
The Code of Professional Conduct for Financial Advice Services sets standards of competence, conduct and client care for the financial advice industry.
The code imposes statutory duties on anyone giving regulated financial advice to retail clients, requiring them to:
- comply with prescribed standards of ethical behaviour, conduct, and client care
- meet standards of competence, knowledge, and skill (including any continuing professional development requirements).
The code includes commentary to help persons who give financial advice to comply with the standards.
Other guides in
Registering a financial service provider (FSP)
- Preparing to register as a financial service provider
- Reporting entities under the AML/CFT Act
- Registering an FSP as an individual
- Registering an FSP as an entity
- Registering a financial service provider from overseas
- Amending, withdrawing or discarding an application
- Criminal history checks
- Requirements for financial advice providers and financial advisers