FMA report on insights from monitoring Financial Advice Providers
The Financial Markets Authority (FMA) will be publishing a report on their insights from their monitoring of Class 1 and 2 Financial Advice Providers (FAPs), with the report expected to be released in June.
The FMA will host a series of in-person and online forums to discuss the report and answer questions. The sessions will cover
• Weaknesses identified during the first 12 months of monitoring visits.
• Good practice identified during those visits.
• Regulatory returns, which are due between 1 July and 30 September 2024.
• The FMA’s transition to an outcomes-focused regulator.
• Scams, and how financial advisers may be able to support clients.
Dates and times for the online sessions are yet to be released; dates and locations for the in-person sessions are below.
• Auckland – Tuesday, 11 June 2024
• North Shore – Thursday, 13 June 2024
• Wellington – Wednesday, 19 June 2024
• Palmerston North – Thursday, 20 June 2024
• Hamilton – Tuesday, 25 June 2024
• Christchurch – Thursday, 27 June 2024
Invitations to these sessions will be sent to the relevant FAPs in May. If you have any questions about FAP monitoring, you can contact the FMA at questions@fma.govt.nz.
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