Six months out from the start of the new financial advice regime, the FMA is encouraging advisers to plan ahead and take the next step they need to be ready for 15 March 2021.
“That next step may mean applying for your transitional licence well before the start of the regime, putting some time aside to read the new Code of Professional Conduct, or having a conversation with the Financial Advice Provider that you hope will engage you,” says Director of Market Engagement John Botica.
“Set yourself the target of getting licenced before the Christmas break. It’s about giving yourself time to prepare, and the peace of mind that comes with knowing you’re in control of your future.”
As at 30 August, 1050 transitional licenses have been approved or are under assessment, representing an estimated 7166 financial advisers and 8893 nominated representatives.
The FMA team is here to help and support you. Check the latest info on the Financial Advice Provider or Financial Adviser pages of the FMA website or email questions@fma.govt.nz
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