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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of financial advice and financial advice services - Preliminary matters

431B: Additional purpose of subpart

You could also call this:

"This law also helps make sure you get good advice about money."

Illustration for Financial Markets Conduct Act 2013

This part of the law has another purpose, which is to regulate financial advice. You want to make sure people can get good financial advice when they need it. The law also wants to ensure the quality of financial advice and services is good. The law is referring to sections 3 and 4, which you can find at sections 3 and 4. This section of the law does not change what section 3 or 4 say.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS465781.

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431A: Overview of financial advice and financial advice services regime, or

"Rules for Giving Advice About Money"

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431C: Meaning of financial advice and regulated financial advice, or

"What is financial advice and when is it regulated?"

Part 6Licensing and other regulation of market services
Additional regulation of financial advice and financial advice services: Preliminary matters

431BAdditional purpose of subpart

  1. This subpart has the additional purpose (in addition to those set out in sections 3 and 4) of regulating the giving of financial advice and provision of financial advice services with a view to ensuring—

  2. the availability of financial advice for persons seeking that advice; and
    1. the quality of financial advice and financial advice services.

      1. This section does not limit section 3 or 4.

      Notes
      • Section 431B: inserted, on , by section 29 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).