News

FMA and Code at odds over adviser rules

Friday 23rd of August 2013

Currently the Code Committee is consulting on proposed changes to the Code, and the FMA is seeking feedback on its draft guidance on how advisers should interpret the existing code.

Some advisers have questioned why the committee and FMA seem to be at odds, particularly over issues around how advisers demonstrate the basis of their advice, and whether that requires a full explanation of...

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