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Conduct bill will mean changes for advisers: MBIE

Monday 27th of January 2020

The Conduct of Financial Institutions bill is expected to have its first reading soon after Parliament reconvenes for the new year in a fortnight.

The bill introduces new conduct obligations for banks, insurers and non-bank deposit takers.

A regulatory impact statement said it was likely to mean a large increase in costs for the Financial Markets Authority through administration...

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