This webcast explains the sixth 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 mid-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.

• Workbook 1 – Priority to clients’ interests – version Feb 2019
• Workbook 2 – Competence, knowledge and skill – version April 2019
• Workbook 3 - Client understands nature and scope of advice – May 2019
• Workbook 4 – Exercise care, diligence and skill – June 2019
• Workbook 5 – Comply with code of conduct – July 2019
• Workbook 6 – Advice that is suitable – July 2019

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 submissions on the FSLA Act, Code of Professional Conduct and Disclosure Regulations.  

Angi Mann (BA BBS Cert Adult Education) course tutor, has extensive experience in financial services and is a qualified NZQA assessor.