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Financial Markets Authority AFA Update: Issue # 19

Page last updated: 18 Dec 2013

Guidance Note: Limited personalised advice

FMA has released guidance to help financial advisers give high quality limited personalised advice that is time and cost efficient and adopts the right level of compliance. This follows from a number of in-depth face-to-face consultations with AFA groups who provided some very helpful comments which assisted in shaping the guidance note.

Guidance Note: Client communications and record-keeping

Last week we published our Guidance Note on client communications and record-keeping. This is for AFAs who provide personalised advice services to retail clients and covers our communication and record-keeping expectations for all forms of personalised services including financial advice, investment planning services and discretionary investment management services.

Merry Christmas

This is our last update for 2013 so we would like to thank you all for your support in what has been a very busy period. We wish you all a safe and merry Christmas and happy new year.