In light of the new financial advice regime commencing 15 March 2021, the FMA is not requiring AFAs to file AFA Information Returns for 2020, as would otherwise be required by standard condition 2.
The AFA information return is an online tool that each authorised financial adviser (AFA) must complete and submit annually. It consists of a series of questions about AFAs, their business, their compliance approach and their approach to continuing professional development.
The information return is a reporting requirement contained within the regulatory reporting guide (RRG). The RRG sets out the periodic and other reporting, accounting and notification requirements for AFAs as required under the standard conditions.
The information return provides us with important details about AFAs, so we can:
The e-services portal is no longer available. The FMA is not requiring AFAs to file AFA Information Returns for 2020, as would otherwise be required by standard condition 2.