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Guidance library

The guidance library contains the FMA’s guidance notes, information sheets, guides and other reference material. 

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Found 163 results. Displaying page 4 of 9

    2 January 2017

    Licensing overview report 2017

    This report aims to: - Outline how we applied a flexible approach to applications. - Explain how the minimum standards and FMC Act eligibility criteria fit together. - Show the linkage between our view of good conduct and the minimum standards in our licensing guides. - Signal our future focus for monitoring to current licence holders. - Clarify the ongoing legal obligations for licence holders. We also want to highlight where we improved our own processes to make licensing faster and more efficient for applicants. Part of this process is more frequent engagement with applicants, including face-to-face meetings early on in the application process.

    https://www.fma.govt.nz/compliance/guidance-library/licensing-overview-report-2017/

    • FMC Act
    • Issuers and offers

    22 December 2016

    How the FMC Act will affect co-operative companies and industrial and provident societies that have issued, or intend to issue, co-operative shares

    How the FMC Act will affect co-operative companies and industrial and provident societies that have issued, or intend to issue, co-operative shares information sheet outlines the options for co-operative companies and industrial and provident societies (IPSs) (collectively referred to as co-operatives) offering and managing co-operative shares.

    https://www.fma.govt.nz/compliance/guidance-library/how-the-fmc-act-will-affect-co-operative-companies-and-industrial-and-provident-societies-that-have-issued-or-intend-to-issue-co-operative-shares-2/

    1 December 2016

    Code of Professional Conduct for Authorised Financial Advisers

    This is the Code of Professional Conduct for Authorised Financial Advisers for the purposes of the Financial Advisers Act 2008. This section of the Code provides a brief overview of the scope and aims of the Code. The remainder of the Code contains the operative provisions which must be complied with by all Authorised Financial Advisers.

    https://www.fma.govt.nz/compliance/guidance-library/code-of-professional-conduct-for-authorised-financial-advisers/

    • Conduct
    • Financial advice

    1 December 2016

    Code of Professional Conduct for AFAs

    The Code of Professional Conduct for Authorised Financial Advisers (AFAs) was approved by the Minister of Commerce under section 92 of the Financial Advisers Act 2008 on 21 September 2010 and came into force on 1 December 2010. The Code has since been updated and a revised Code was approved by the Minister of Commerce on 13 March 2014 which came into force on 1 May 2014. The Code has then been further updated and a further revised Code was approved by the Minister of Commerce and Consumer Affairs on 23 August 2016 and came into force on 1 December 2016.

    https://www.fma.govt.nz/compliance/guidance-library/afas-code/

    • Crowdfunding

    2 June 2016

    Crowdfunding services for property investments – meeting the eligibility criteria

    Crowdfunding services for property investments – meeting the eligibility criteria, information sheet is designed to help crowdfunding services offering property investment (‘property crowdfunding’) meet the eligibility criteria for a licensed crowdfunding service in New Zealand.

    https://www.fma.govt.nz/compliance/guidance-library/crowdfunding-services-for-property-investments-meeting-the-eligibility-criteria/

    • AML/CFT

    2 June 2016

    How to complete your annual AML/CFT report: A quick guide to help small financial adviser businesses

    How to complete your annual AML/CFT report: A quick guide to help small financial adviser businesses has been prepared for authorised financial advisers and small financial adviser businesses that come under Regulation 16 of the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011 (regulations).

    https://www.fma.govt.nz/compliance/guidance-library/how-to-complete-your-annual-amlcft-report-a-quick-guide-to-help-small-financial-adviser-businesses/

    • Managed investments

    19 May 2016

    Licensing guide for MIS managers of forestry schemes

    Licensing guide for MIS managers of forestry schemes guide supplements Part B of our licensing application guides. It explains to businesses providing a managed investment scheme (MIS) service of a forestry scheme how to approach their licence application under the Financial Markets Conduct Act 2013 (FMC Act).

    https://www.fma.govt.nz/compliance/guidance-library/licensing-guide-for-mis-managers-of-forestry-schemes/

    • Conduct
    • FMC Act
    • Issuers and offers

    2 February 2016

    Raising money from investors – a guide for community and voluntary organisations

    Raising money from investors – a guide for community and voluntary organisations information sheet outlines the options for community and voluntary organisations wanting to borrow money from investors. (This does not include donations).

    https://www.fma.govt.nz/compliance/guidance-library/raising-money-from-investors-a-guide-for-community-and-voluntary-organisations/

    5 October 2015

    Custodians’ obligations

    Under the regulations, custodians must meet obligations such as providing regular reports to clients and getting assurance reports from qualified auditors, among others. The regulations, enacted under the Financial Advisers Act 2008 (FA Act), relate closely to broker disclosure and conduct obligations under Part 3A of this Act. This information sheet explains the difference between a broker and a custodian, custodians for wholesale and managed investment scheme (MIS) clients, and custodians’ statutory obligations. We also list examples of different custodial arrangements.

    https://www.fma.govt.nz/compliance/guidance-library/custodians-obligations-2/

    • Financial advice

    17 September 2015

    AFA Authorisation Renewal Guide

    Financial advisers have been generally authorised to provide services for up to five years. They are due for authorisation renewal from 2015 onwards. Under section 58 of the FA Act, existing authorised financial advisers (AFAs) can renew for a further term, generally for five years.Refer AFA Authorisation Renewal Guide for guidance to renew your AFA authorisation.

    https://www.fma.govt.nz/compliance/guidance-library/afa-authorisation-renewal-guide/