Wait continues for FAA detail
The Ministry of Business, Innovation and Employment's recommendations for the new version of the Act were revealed in July.
But there were still some things left unclear, such as whether there would be any transition arrangements to help advisers currently working in the industry to transition to the regime, and what the Code of Conduct might look like once all advisers must adhere to it.
It is the code that will dictate what qualifications advisers are required to hold, their ongoing competence requirements, ethical obligations and disclosure requirements.
It had been expected that some of that detail might have been made available by now.
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