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  3. Consultation: Proposed standard conditions for financial advice provider transitional licences

Consultation: Proposed standard conditions for financial advice provider transitional licences

Page last updated: 25 Jun 2019

Final date for submissions

5 pm Friday, 26 July 2019

Consultation document

Consultation: Proposed standard conditions for financial advice provider transitional licences

Submission form

Feedback form 

E-mail for submission consultation@fma.govt.nz (please use the title of the consultation paper for the subject line)

The FMA is consulting on two standard conditions we are considering imposing for transitional licences, as part of the new financial advice regime.

The Financial Services Legislation Amendment Act 2019 (FSLAA) will introduce a new regulatory regime for financial advice. Once the new regime comes into force in June 2020, anyone who provides regulated financial advice to retail clients will need to operate under a financial advice provider licence. There will be two phases to the financial advice provider licensing process – transitional and full. All transitional licence holders will need to comply with the standard conditions.

We seek your feedback on our proposal.