RFAs must, when providing financial adviser services:
RFAs need to annually renew their registration on the Financial Service Providers Register and notify the Registrar of changes. They must be a member of a dispute resolution scheme, if providing services to retail clients.
Any person can complain to the FMA about the activities of an RFA and we can investigate that complaint and take appropriate action.
RFAs are not subject to disciplinary committee proceedings under the Act but we have a range of enforcement actions we can take. The Registrar may also deregister RFAs, or we may give a direction to deregister a RFA in certain circumstances. See Financial Service Providers (Registration and Dispute Resolution) Act 2008, sections 18A to 18C.
1 March 2019
27 February 2019
17 December 2018
1 November 2018
29 October 2018
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