Financial Services Quarterly
Financial Advisers Act regulations
The following new regulations made under the Financial Advisers Act came into force on 1 April.
Financial Advisers (Definitions, Voluntary Authorisation, Prescribed Entities, and Exemptions) Regulations 2011
These regulations provide for ancillary matters under the Financial Advisers Act 2008 (the FAA) that will assist in the full implementation of the financial services regime.
Financial Advisers (Disclosure) Amendment Regulations 2011
These regulations specify an exemption from the written disclosure requirements under the FAA for financial advisers who are providing personalised services by phone or video conference in respect of a Category 2 product.
Financial Advisers (Fees) Amendment Regulations 2011
These regulations specify the fees for exemptions under section 148 of the FAA.
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Disclaimer
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.
