The Code Committee for Authorised Financial Advisers (AFAs) has
elected David Ireland as Chair for the next 12 months.
A partner at Kensington Swan and a member of the Code Committee
since it was established in 2009, Mr Ireland will lead the
committee as it keeps under review current regulatory and
legislative developments and assesses potential impacts on the Code
of Professional Conduct for AFAs.
"I congratulate David Ireland on his appointment and look forward
to continuing an effective partnership with the Committee," said
FMA CEO Sean Hughes.
Mr Hughes also thanked outgoing Chair, Ross Butler, for his
pragmatic and professional approach in leading the Committee for
three years.
"Ross's commitment and energy played a large part in ensuring there
would be industry support and buy-in for the Code of Professional
Conduct for AFAs," Mr Hughes said.
"While other commitments now prevent him from continuing as Chair,
we're pleased he has been able to stay on as a member of the
Committee to help support their work."
Committee member Pip Dunphy has also stood down from the Code
Committee.
"Pip's focus has been to raise the bar of professionalism and
competence in the industry. She brought a very clear perspective to
the Code Committee's governance table," Sean Hughes said.
Ends
Contact:
Tony Reid on 021 739 052 or tony.reid@fma.govt.nz
About the Committee:
The Code Committee for Financial Advisers maintains a Code of
Professional Conduct for Authorised Financial Advisers (AFAs). The
Code establishes minimum standards of competence, knowledge and
skills, ethical behaviour and client care, along with minimum
requirements for continuing education, and training, for
AFAs.
Other current members are Shane Edmond, David Russell, Professor
Dimity Kingsford-Smith, Gary Young and Michael Staal.
Further information about the work of the Committee can be found
at: www.financialadvisercode.govt.nz