This webcast explains the fifth workbook in a series of six. Financial Advisers will have personal obligations in the new regime as persons who provide ‘regulated financial advice’. These obligations stem from the proposed new legislation, the Financial Advice Code and other regulations such as Disclosure Regulations. There will be personal liability for these obligations from the date the new regime starts. MBIE have indicated that this liability under the new regime will start in Quarter 2 2020. This ‘regime start date’ will also mark the close of applications for a transitional licence, the start of the two-year transitional period and the opening of full licencing.
Financial Advice NZ has developed a number of ‘workbook’ resources for Members to become familiar with their personal obligations under the Act, Code and Regulations. Members can use these workbooks to develop their own policies, procedures and controls – to demonstrate they understand and are applying these obligations in their advice.
About the Presenters:
Andrew Gunn Bcom MBA is Learning & Development Manager of the Association. Andrew has worked in this role for the IFA and now the Association and have assisted in the submissions to MBIE regarding the ‘Options’ and ‘Issues‘ Papers, the draft FSLAB Bill, Financial Advice Code and Disclosure Regulations. Angi Mann (BA BBS Cert Adult Education) course tutor, has extensive experience in financial services and is a qualified NZQA assessor.
An engaging three-day event you won't want to miss.