The FSC’s Professional Advice Committee has launched a survey to gauge the state of the sector since the introduction of new regulations.
It wants to know how FAPs and financial advisers are coping with the Financial Markets Conduct Act requirements, which were fully implemented in March 2023.
The second purpose is to understand the impact of the regulatory burden. The FSC states that some FAPs and advisers may have found compliance requirements overly burdensome, detracting from good client engagement.
The final section of the five-minute survey, which closes Thursday 12 December, hopes to establish what ‘good’ looks like.
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