Guidance note for exemptions under the Financial Advisers Act

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 the answers to these questions, click here to go to the Securities Commission website.

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