News

Advisers can't hide in QFEs

Friday 11th of September 2009

Dale-Jones said while a number of changes to the regime were in train, QFE advisers who sold third-party category one products would still have to be individually authorised by the Securities Commission and meet the same standards as non-QFE advisers.

"They would have to be AFAs [authorised financial advisers]," Dale-Jones said. "In fact [QFE advisers] will have two streams of compliance...

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