Regulation

Advisers forced to tell on each other

Monday 10th of May 2010

Code Standard 7 in the Draft Code of Professional Conduct says that an authorised financial adviser (AFA) who has reasonable grounds to suspect that another AFA has not complied with the Code, or that a person has not complied with the act, must report the suspected non-compliance to the Securities Commission.

The Financial Adviser Associations of New Zealand (FAANZ) submission on the Dr...

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