News
New code: Shorter, sharper than draft
Wednesday 8th of May 2019
Commerce Minister Kris Faafoi has approved the code, which means there will be about nine months until it comes into force.
Existing advisers will be able to make use of a transition period to work towards meeting the new standards set by the code.
While the industry was told little change was likely, there are some significant alterations made in the final version.
Code standard one requires advisers to "treat clients fairly" - removing the proposed "and act in their interests".
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