Code Committee proposes changes

The Code is part of the Financial Markets Conduct Act regulatory regime for financial advice. It sets the conduct standards for everyone who gives financial advice.

Code Committee Chair Angus Dale-Jones said: “Financial advice provider businesses must take all reasonable steps to ensure that their financial advisers have the competence, knowledge, and skill for the advice they give.”

“The proposed amendments reinforce the importance of continuing professional development for financial advisers. That’s fundamental for the availability and quality of financial advice for all New Zealanders.”