Pursuant to section 147B(d) of the Financial Advisers Act 2008, notice is given of the issue of a consultation paper on proposed additional standard conditions for authorised financial advisers.

The proposed additional standard conditions are in place of those notified for consultation in the New Zealand Gazette, 20 November 2014, Issue No. 140, Notice No. 2014-au7148.

The Financial Markets Authority (FMA) considers that the additional standard conditions should apply to current authorisations of financial advisers to ensure that the policy intentions of the amendments to the Financial Advisers Act 2008 are complied with by authorised financial advisers.

The additional standard conditions will be incorporated into the standard conditions on 1 June 2015.

The consultation paper Proposed Additional Standard Conditions for Authorised Financial Advisers can be downloaded from the FMA’s website at

www.fma.govt.nz/laws-we-enforce/policy/current-consultations/

Printed copies are also available from the Financial Markets Authority at Level 2, 1 Grey Street, Wellington, and Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland.

Written submissions can be made to the Financial Markets Authority, PO Box 1179, Wellington 6140, or via email to consultation@fma.govt.nz

Submissions close at 5.00pm on Friday 27 February 2015.

Dated this 26th day of January 2015.

ELAINE CAMPBELL, Director of Compliance, Financial Markets Authority.