1. Compliance
  2. Licensing and registration
  3. Applying for a financial service provider licence
  4. Financial advice providers

Financial advice providers

Page last updated: 9 Apr 2019

On 8 April 2019, the Financial Services Legislation Amendment Bill received Royal Assent.  Once it comes fully into force, it will change the rules for how you provide financial advice to retail clients.

Under the new regime, if you would like to continue providing advice to retail clients on your own behalf, you will need a Financial Advice Provider licence.

There will be two phases to the licensing process – transitional and full.

At this stage, the earliest we will start accepting transitional licence applications is three months after the Minister of Commerce and Consumer Affairs approves the new Code of Conduct for financial advice. We will keep you informed as dates become more certain.

Keep an eye on this page for updates. 

For more information about the changes, see our new financial advice regime webpages.