News

Don't give professional bodies regulatory role: Committee

Monday 15th of February 2016

In a submission on the Ministry of Business, Innovation and Employment options paper on the Financial Advisers Act, the Code Committee said having a framework that allowed professional bodies to set their own rules, without an independent disciplinary process or regulatory overlay, risked undermining the regime’s objective of improving consumer confidence.

“Ill-informed or aggrieved sect...

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