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Regulatory Impact Statement

Page last updated: 1 Jul 2014

This Regulatory Impact Statement addresses FMA’s decision to publish the first Regulatory Reporting Guide (RRG) for Authorised Financial Advisers (AFAs), including the Information Return that is the first reporting requirement under the RRG.

Considering the regulatory and financial impacts, this document provides an analysis of options that were considered in determining the final policy proposal. Each option was assessed based on:

  • feedback received from two public consultations
  • a desire to minimise likely search and build costs for industry
  • other impacts, costs and benefits.

Download Regulatory Impact Statement PDF.