Code consultation 'going well'

Consultation closes at the end of this week and it is hoped that the code will be signed off by the Commerce Minister early in the new year.

The new financial advice regime will take effect nine months after that.

Angus Dale-Jones, chairman of the working group developing the code, said it had been going well.

The group had met with a range of professional groups and others with an interest in the code “and had valuable conversations with them. Our online chat session was also really useful for hearing different views and answering questions on the draft code," he said.