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Regulation

Code Committee wants to align review with 5-yearly MED update

Monday 12th of July 2010

"We would want to align the review process with that, and we'll continue watching before then," he said.

The committee would move to alter the final code if there were any unforeseen problems with the final form, or if there were any legislative or environmental changes that needed a revision to the code.

Butler has previously flagged the implementation of the regime as a starting point, with tougher entry requirements likely in the future.

The committee hopes to put a code recommendation to Commissioner for Financial Advisers David Mayhew by the end of the month, which will in turn go to Commerce Minister Simon Power for sign-off.

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