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How CoFI will affect advisers

Monday 20th of February 2023

It will clarify the way in which financial institutions monitor their own intermediaries, such as mortgage advisers.

The law in question is the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI), which sets standards of conduct of registered banks, licensed insurers and licensed non-bank deposit takers.

It charges them with an obligation to treat consumers fai...

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