A guide on how financial advisers can apply for a full licence under the incoming financial advice regime is to be released by the regulator.
The Financial Advice Provider Full Licence Application Guide will provide a first look at what to expect when the FMA starts accepting full licence applications from 15 March next year.
To coincide with the guide’s release, Financial Advice NZ is hosting a launch event on Tuesday 17 November at the Christchurch Town Hall from 3.15pm until 5pm.
The free event will also be livestreamed, and you can apply to attend here.
During the Christchurch event key members from the FMA – including John Botica (Director Market Engagement) and Derek Grantham (Principal Consultant) – will share an overview of the full licensing application process, answer questions, and provide guidance on what advisers should be doing to prepare for the new financial advice regime.
Advisers should also see the FMA’s page Getting Prepared for Licencing.
The FMA says 1,112 transitional Financial Advice Provider licences have been granted by the regulator.
Transitional licences are valid for up to two years. After which, all transitional licences expire and financial advice providers must have a full licence (or be authorised under another entity’s full licence) to continue giving advice to retail clients.