Pursuant to section 147B(1)(d) of the Financial Advisers Act 2008, the Financial Markets Authority gives notice of the issue of a second consultation paper on the proposed Regulatory Reporting Guide for Authorised Financial Advisers.
The Regulatory Reporting Guide is referred to in Standard Condition 2 of the Standard Conditions for Authorised Financial Advisers.
The Regulatory Reporting Guide relates to a reporting requirement for authorised financial advisers and will assist Financial Markets Authority to understand the profiles of those advisers and focus its resources more appropriately in monitoring the authorised financial adviser population.
Accordingly, the Financial Markets Authority considers that the Regulatory Reporting Guide should apply to the current authorisations of financial advisers ahead of the renewal of those authorisations.
The Second Consultation Paper: Regulatory Reporting Guide for Authorised Financial Advisers is available on the Financial Markets Authority's website at:
www.fma.govt.nz/laws-we-enforce/policy/current-consultations/
Printed copies are also available for inspection free of charge and can be purchased from the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland, between the hours of 8.30am and 5.30pm, Monday to Friday.
Written submissions can be made to Financial Markets Authority by using Financial Markets Authority's website "Contact Us" form or via email to consultation@fma.govt.nz
Submissions close 5.00pm on Wednesday 9 April 2014.