20 February 2023

Consultation: Proposed CoFI guidance note on intermediated distribution

Final date for submissions  5pm, 14 April 2023 
Consultation documents 

Consultation paper 

Draft guidance 

Submission form  Feedback form 
Email for submission  [email protected]- please use the title of the consultation paper in the subject line 

We are seeking feedback on proposed guidance that outlines our expectations when financial institutions are distributing products and services through intermediaries. 

The guidance is intended to outline our expectations for intermediated distribution under the Conduct of Financial Institutions (CoFI) regime at a high level, so they can be applied across different sectors and distribution models.  

The Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI) introduces a new conduct regime to ensure financial institutions (banks, insurers and non-bank deposit takers) comply with a fair conduct principle to treat consumers fairly.

Read more about the new regime