Regulation

Last minute rewrite of adviser regulation rules [UPDATED]

Friday 11th of June 2010

Parliament’s Commerce Select Committee have reported back to day and made significant changes including making it less onerous for life insurance advisers and mortgage brokers.

Chapman Tripp Partner Tim Williams says the changes will make the new regime much more workable.

“Had the bill been passed as drafted…the effect on the financial services industry would have been disastrous...

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