Breadcrumbs

News

11 July 2017

Code Committee’s submission:  Consultation Paper – Proposed exemption to facilitate personalised robo-advice

The Code Committee has submitted on the FMA’s Consultation Paper that proposes to issue a class exemption to facilitate the provision of personalised robo-advice services.  You can find the Committee’s submission here

29 June 2017

Code Committee members reappointed

Two members of the Code Committee have been reappointed by the FMA.  David Ireland (Chair) and Gary Young have each agreed to extend their term for 3 years or until the Committee is disestablished, whichever occurs earlier.   Code Committee members details can be found here

26 June 2017

FADC decision

The Code Committee notes the decision of the Financial Advisers Disciplinary Committee (FADC) published on 22 June 2017. The decision can be viewed here.

FADC found that the respondent AFA had breached Code Standards 6(b) and 12 in relation to certain aspects of the AFA’s pension transfer service, and had breached Code Standards 6(c) and 12 in relation to one instance of providing insurance advice, but found that no breach had been made out in relation to Code Standards 1, 2, 5, 6(a), or 7-9.

The Code Committee welcomes the FADC’s discussion of these Code Standards, and will consider the comments made by the FADC and their implications when the Code Committee next meets.

13 April 2017

Code Committee departure
Dimity Kingsford Smith has stepped down as a Code Committee member, effective 31 March. Code Committee members details can be found here.

15 March 2017

Code Committee’s submission for: Consultation Paper – New Financial Advice Regime: The draft Financial Services Legislation Amendment Bill and proposed transitional arrangements - see here.

14 November 2016

A final version of the Code, which comes into effect on 1 December 2016, has now been published.

31 October 2016

Code Committee members reappointed - see more.

9 September 2016

The revised Code of Professional Conduct for Authorised Financial Advisers (AFAs) has been approved by the Minister of Commerce and Consumer Affairs Paul Goldsmith. 

1 July 2016

Code Committee members reappointed - see more

29 June 2016

Final Issues Response Paper on the revised draft Code of Professional Conduct for Authorised Financial Advisers now released

26 May 2016

Revised draft Code of Professional Conduct for Authorised Financial Advisers recommended for approval - see more

24 March 2016

Further Consultation on Code of Professional Conduct: The final exposure draft of the Code now released.

12 February 2016

The Code Committee has submitted on the Options Paper released as part of MBIE’s review of the Financial Advisers Act. You can read our submission here.

21 January 2016

The Code Committee has released the issues response paper and the updated exposure draft of the Code of Professional Conduct for Authorised Financial Advisers.

28 October 2015

The Code Committee has commenced a formal consultation process for some changes we are thinking of making to the Code of Professional Conduct for Authorised Financial Advisers.

27 October 2015

The Code Committee is about to commence a formal consultation process for some changes we are thinking of making to the Code of Professional Conduct for Authorised Financial Advisers.

27 March 2014

Commerce Minister Craig Foss today announced a revised Code of Professional Conduct for Authorised Financial Advisers. See Minister's news release

9 August 2013

Code of Conduct consultation begins See news release

31 July 2013

Chair for Financial Adviser Code Committee re-elected See news release

9 August 2012

The Code Committee for Authorised Financial Advisers (AFAs) has elected David Ireland as Chair for the next 12 months. See news release

9 August 2011

FMA announces appointment and reappointments to Code Committee See news release

28 October 2010

Adviser regulation ready to 'go-live' on 1 December See news release

21 September 2010

Minister approves code of conduct for financial advisers See Minister's news release

27 August 2010

Publication: Issues Paper in relation to the 2nd draft of the Code of Professional conduct for Authorised Financial Advisers     See publication

20 August 2010

Revised Code of Professional Conduct for Authorised Financial Advisers Submitted    See news release

30 July 2010

The Code Committee today formally recommended that the Commissioner for Financial Advisers consider and approve the Draft Code of Professional Conduct for Authorised Financial Advisers. 
See news release

25 June 2010

The Financial Service Providers (Pre-Implementation Adjustments) Act which amends the regulatory framework established under the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 has been passed by Parliament.

Please see the Code Committee update on the next steps for finalisation of the Code.