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Guidance library

The guidance library contains the FMA’s guidance notes, information sheets, guides and other reference material. 

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Found 161 results. Displaying page 1 of 9

    27 March 2020

    Registering correctly on the FSPR

    From the start of the new financial advice regime in early 2021, the Government is removing the current adviser classifications: Authorised Financial Adviser, Registered Financial Adviser and QFE Adviser. If you want to continue providing financial advice to retail clients, you may need to update your registration details on the Financial Service Providers Register (FSPR). How you register will vary based on how you plan to operate in the new regime.

    https://fma.cwp.govt.nz/compliance/guidance-library/registering-correctly-on-the-fspr/

    • Financial advice
    • FMC Act

    4 March 2020

    Financial advice given for the purpose of complying with lender responsibilities

    This information sheet explains the circumstances that may exclude a lender from some Financial Markets Conduct Act 2013 (FMC Act) obligations related to financial advice. The exclusion applies only in relation to consumer credit contracts and certain credit-related insurance contracts.

    https://fma.cwp.govt.nz/compliance/guidance-library/financial-advice-given-for-the-purpose-of-complying-with-lender-responsibilities/

    • FMC Act
    • Issuers and offers

    13 December 2019

    Green bonds – same class exclusion

    This information sheet explains the circumstances in which an issuer can make an offer of green bonds under the same class exclusion. It also explains when the Financial Markets Authority (FMA) might consider granting an individual exemption to facilitate offers of green bonds with the same credit characteristics as quoted ‘vanilla’ bonds from the same issuer.

    https://fma.cwp.govt.nz/compliance/guidance-library/green-bonds-same-class-exclusion/

    2 December 2019

    Exemptions: Financial Advisers Act 2008

    The Guidance note explains the approach of the Financial Markets Authority (the FMA) to granting exemptions under the Financial Advisers Act 2008. It is intended to provide answers to commonly asked questions in relation to exemptions and to provide information to potential applicants on the process for making an application. The guidance note is for: Financial Advisers QFEs Legal Counsel Auditors Senior Executives Supervisors Trustees Risk Officers Compliance Officers Company Directors

    https://fma.cwp.govt.nz/compliance/guidance-library/exemptions-financial-advisers-act-2008/

    1 October 2019

    Who will need a licence to provide financial advice?

    Who will need a licence to provide financial advice? The changes to how we regulate financial advice in New Zealand mean only those operating under licensed financial advice providers can give advice to retail clients. This advice can be provided in various ways, including directly through online facilities such as digital advice, or through financial advisers or nominated representatives. If you’re currently an authorised or registered financial adviser, you can choose whether you would like your business to become a licensed financial advice provider or if you would rather work on behalf of someone else who holds a licence.

    https://fma.cwp.govt.nz/compliance/guidance-library/who-will-need-a-licence-to-provide-financial-advice/

    • AML/CFT

    26 July 2019

    AML/CFT customer due diligence: sole traders and partnerships

    Businesses can take many forms and may vary in size and complexity. The AML/CFT customer due diligence: sole traders and partnerships fact sheet focuses on the three business types - Sole trader, partnership and limited partnership. The fact sheet should be read in conjunction with the beneficial ownership guideline.

    https://fma.cwp.govt.nz/compliance/guidance-library/amlcft-customer-due-diligence-sole-traders-and-partnerships/