Will you be ready to submit your licensing application by 4 November?
- Yes (58%)
- No (24%)
- Not sure yet (18%)
Loading ...Our latest poll asks if you know you will be ready to submit your licensing application to the FMA by the 4 November.
The regulator recently announced it will start accepting transitional licence applications from this date and has released an online decision tool and guide to help adviser businesses through the change (see: FMA Releases New Tool…).
The tool is designed for advisers who are still considering the following:
- How to operate in the new regime
- Where they fit in
- What their duties are
- The costs involved
- Next steps they need to take
In another poll in March this year (see: Advisers Not Daunted by Future…), we asked what path advisers would likely choose in the new regime. The majority (54 percent) said they would obtain their own licence and operate a small advice business (1-2 financial advisers), while 21 percent preferred to obtain a licence for their advice business and engage multiple advisers (>2). Furthermore, 16 percent opted to work for someone else’s business holding a licence and nine percent said they would retire from the industry.
Do you feel you and your business are prepared when the time comes to submit your licensing application? Let us know your opinion in the poll above and we’ll report back to you next week…