The Securities Commission has published a guidance note explaining its approach to granting exemptions under the Financial Advisers Act.
In the guidance note, the following commonly asked questions are answered:
What exemption making powers does the Commission have under the Financial Advisers Act?
What are the statutory criteria for an exemption?
What is the Commission's policy in relation to exemptions?
What if my circumstances change?
How long is an exemption granted for?
How long does it take to process an application?
What are the fees and charges payable for exemption applications?
Disclosure information about my application.
What other information do I need to provide?
Do I need a lawyer?
Can I withdraw my application?
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.