A webinar featuring a panel from the FMA discussing the new regulatory returns is being held by Financial Advice NZ on Wednesday 26 April.
Katrina Shanks, CEO Financial Advice NZ, says while the return is not due to be submitted until next year, it is important to understand what information is needed as it will cover the period 1 July 2023 to 30 June 2024.
“Get your questions answered, gain clarity on what is required by each FAP and financial adviser to complete the regulatory return, and understand what new information you need to start capturing,” she says.
The webinar will feature a ‘turn page’ presentation of the return in which members of the FMA will work through each question.
“Since many of the CRM systems are not set up to record all the necessary information, you’ll need to adopt new processes for recording the information on each client to whom you provide advice,” says Shanks.
On the panel will be:
- Romi Ghelani – FMA Acting Head of Financial Advice
- Dhasha Ratnayaka – FMA Senior Adviser, Financial Advice
- Lewis Pearce – FMA
- Nicole Barrett – FMA
The webinar is free for members of Financial Advice NZ (non-members $50). Click here to find out more.