Financial Advisers Act 2008

5 Interpretation

In this Act, unless the context otherwise requires,—

acting through has the meaning set out in section 5I(2)

acquire includes obtain by buying, subscribing, entering into the relevant legal relationship, or taking an assignment of

advertisement means a form of communication that is to be, or has been, distributed to a person and—

(a)

in relation to a financial adviser service,—

(i)

refers to a financial adviser or financial adviser service or is reasonably likely to induce persons to seek a financial adviser service; and

(ii)

is authorised or instigated by, or on behalf of, a financial adviser, a QFE, or a member of a QFE group, or prepared with the co-operation of, or by arrangement with, a financial adviser, a QFE, or a member of a QFE group; and

(b)

in relation to a broker service,—

(i)

refers to a broker or broking service or is reasonably likely to induce persons to seek a broking service; and

(ii)

is authorised or instigated by, or on behalf of, a broker or prepared with the co-operation of, or by arrangement with, a broker

approved dispute resolution scheme has the same meaning as in section 4 of the FSP Act

approved rating agency means a rating agency nominated or approved under the Non-bank Deposit Takers Act 2013 or section 62 of the Insurance (Prudential Supervision) Act 2010

associated entity, in relation to a QFE, means an entity that, under an approval given under section 67(4) or 71, is an associated entity of that QFE

authorised means authorised by the FMA under section 55

authorised financial adviser means a person described in section 51

bank in New Zealand means a registered bank that carries on in New Zealand the business of banking

bank term deposit means a fixed term deposit product offered by a registered bank in New Zealand

bonus bond means a unit in an approved unit trust within the meaning of section 3(1) of the Finance Act (No 2) 1990

broker has the meaning set out in section 77A

broker obligation means an obligation of a broker under this Act or the regulations

broking service has the meaning set out in section 77B

building society has the same meaning as in section 2(1) of the Building Societies Act 1965

business includes any profession, trade, or undertaking, whether or not carried on with the intention of making a profit

call building society share means a share issued by a building society under which—

(a)

the shareholder has a right to demand repayment of the value of the share in full at any time; and

(b)

the building society has an obligation to repay the value of the share in full not later than 1 working day after the demand is made; and

(c)

the rate of dividend or interest payable or any other benefit provided does not alter as a result of the demand being made; and

(d)

no fee or other amount is payable as a result of the principal sum not having been held by the building society for a particular period of time

call credit union share means a share referred to in section 107 of the Friendly Societies and Credit Unions Act 1982, and issued by a credit union, under which—

(a)

the member has a right to demand repayment of the value of the share in full at any time; and

(b)

the credit union has an obligation to repay the value of the share in full in accordance with section 107(4) of the Friendly Societies and Credit Unions Act 1982; and

(c)

the rate of dividend or interest payable or any other benefit provided does not alter as a result of the demand being made; and

(d)

no fee or other amount is payable as a result of the principal sum not having been held by the credit union for a particular period of time

call debt security means a debt security under which—

(a)

the security holder has a right to demand repayment of the principal sum in full at any time; and

(b)

the issuer has an obligation to repay the principal sum in full not later than 1 working day after the demand is made; and

(c)

the rate of interest payable or any other benefit provided does not alter as a result of the demand being made; and

(d)

no fee or other amount is payable as a result of the principal sum not having been held by the issuer for a particular period of time

category 1 product means—

(a)

an FMCA financial product (other than a product that is a category 2 product); or

(b)

a DIMS facility (other than a facility that is a category 2 product); or

(c)

an investment-linked contract of insurance; or

(d)

any other product specified by the regulations; or

(e)

a renewal or variation of the terms or conditions of an existing category 1 product

category 2 product means any of the following products:

(a)

a bank term deposit; or

(b)

a bonus bond; or

(c)

a call building society share; or

(d)

a call credit union share; or

(e)

a call debt security; or

(f)

a share in a co-operative company (as defined in section 2(1) of the Co-operative Companies Act 1996); or

(g)

a unit in a cash or term portfolio investment entity (as defined in the regulations); or

(h)

a consumer credit contract within the meaning of the Credit Contracts and Consumer Finance Act 2003; or

(i)

a contract of insurance (other than an investment-linked contract of insurance); or

(j)

a life insurance policy (within the meaning of section 2(1) of the Securities Act 1978) issued before 1 January 2009; or

(ja)

a DIMS facility, if the investment authority covers only category 2 products; or

(k)

any other product specified by the regulations; or

(l)

a renewal or variation of the terms or conditions of any existing category 2 product

class of financial products means a group of financial products with similar characteristics

class service has the meaning set out in section 15(3)

client has the meaning set out in section 5A

client money has the meaning set out in section 77B

client property has the meaning set out in section 77B

code means the code of professional conduct brought into force under section 94

college of education has the same meaning as in section 159 of the Education Act 1989

conduct obligation means,—

(a)

in relation to a financial adviser, a QFE, or a member of a QFE group, an obligation described in section 32:

(b)

in relation to a broker, an obligation described in section 77J

controlling owner has the meaning set out in section 4 of the FSP Act

conveyancing practitioner has the same meaning as in section 6 of the Lawyers and Conveyancers Act 2006

credit union has the meaning set out in section 2 of the Friendly Societies and Credit Unions Act 1982

Crown organisation has the same meaning as in section 6 of the Lawyers and Conveyancers Act 2006

custodial service has the meaning set out in section 77B

DIMS facility means an agreement, arrangement, or understanding for the provision of a discretionary investment management service under an investment authority

DIMS licensee has the same meaning as in section 392(3) of the Financial Markets Conduct Act 2013

director means a director as defined in section 126 of the Companies Act 1993

disclosure obligation means,—

(a)

in relation to a financial adviser, a QFE, or a member of a QFE group, an obligation described in section 21:

(b)

in relation to a broker, an obligation described in section 77D

discretionary investment management service has the meaning set out in section 12

dispose of includes—

(a)

dispose of by allotting, withdrawing from, or terminating; and

(b)

agree to dispose of

document means—

(a)

any material, whether or not it is signed or otherwise authenticated, that bears symbols (including words and figures), images, or sounds from which symbols, images, or sounds can be derived, and includes—

(i)

a label, marking, or other writing that identifies or describes a thing of which it forms part, or to which it is attached:

(ii)

a book, map, plan, graph, or drawing:

(iii)

a photograph, film, or negative; or

(b)

information electronically recorded or stored, and information derived from that information

entity

(a)

includes a body corporate and an unincorporated body (including partners in a partnership, members of a joint venture, or the trustees of a trust) and the sole trustee of a trust acting in his, her, or its capacity as trustee of that trust; but

(b)

does not include an individual

exempt provider means—

(a)

a person to whom both of the following 2 subparagraphs apply (an overseas financial adviser):

(i)

the person is not ordinarily resident in New Zealand (within the meaning of section 4 of the Crimes Act 1961) and does not have a place of business in New Zealand; and

(ii)

no financial adviser services provided by the person are received by retail clients in New Zealand; and

(b)

a person who is exempted under section 148 of this Act or the regulations from the obligation to register by virtue of providing financial adviser services; and

(c)

a person who is excluded from the application of the FSP Act under section 7(2) and (3) of that Act or who is exempted, under the FSP Act, from the obligation to register (unless the exclusion or exemption is limited so that it does not apply in respect of financial adviser services)

financial adviser has the meaning set out in section 8

financial adviser obligation means an obligation of a financial adviser under this Act, the regulations, or the code

financial adviser service has the meaning set out in section 9

financial markets legislation has the same meaning as in section 4 of the Financial Markets Authority Act 2011

financial product means a category 1 product or a category 2 product

financial service means a financial service as defined in section 5 of the FSP Act (but excluding financial services provided by a person to whom section 7(2) or (3) of that Act applies)

FMA means the Financial Markets Authority established under Part 2 of the Financial Markets Authority Act 2011

FMCA financial product means each of the following within the meaning of the Financial Markets Conduct Act 2013:

(a)

an equity security:

(b)

a debt security:

(c)

a managed investment product:

(d)

a derivative

general education system has the same meaning as in section 120 of the Education Act 1989

incorporated law firm has the meaning given by section 6 of the Lawyers and Conveyancers Act 2006

individual means a natural person

information includes a document

investment authority has the meaning set out in section 12(3)

investment-linked contract of insurance has the meaning set out in the regulations

investment planning service has the meaning set out in section 11

issuer has the same meaning as in section 11(1)(b) of the Financial Markets Conduct Act 2013

lawyer has the same meaning as in section 6 of the Lawyers and Conveyancers Act 2006

lecturer means a person who is employed by a university, polytechnic, or college of education to teach or instruct students of the university, polytechnic, or college of education

licensed market has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013

licensed service has the same meaning as in section 4 of the FSP Act

local authority has the same meaning as in section 5(1) of the Local Government Act 2002

member of a QFE group means a partner entity or an associated entity

Minister means the Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being responsible for the administration of this Act

Ministry means the department of State that, with the authority of the Prime Minister, is for the time being responsible for the administration of this Act

nominated representative means an individual who has been nominated by a QFE or by a partner entity in accordance with section 74 and whose nomination has not been terminated under that section

non-profit organisation means any organisation, whether incorporated or not, that is carried on other than for the purposes of profit or gain to an owner, member, or shareholder

offeror has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013

on behalf of the business of another person or on behalf of another person’s business has the meaning set out in section 5I(1)

overseas regulator means a body in another country with functions corresponding to those of the FMA under this Act

partner entity, in relation to a QFE, means an entity that is part of the QFE

personalised DIMS has the meaning set out in section 15

personalised service has the meaning set out in section 15

polytechnic has the same meaning as in section 159(1) of the Education Act 1989

prescribed means prescribed by regulations made under this Act

principal officer means a director or a person who occupies a position equivalent to that of a director (such as a trustee or partner)

product disclosure statement or PDS has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013

product provider means—

(a)

the issuer, in the case of an FMCA financial product:

(b)

the creditor, in the case of a consumer credit contract (within the meaning of the Credit Contracts and Consumer Finance Act 2003):

(c)

the insurer, in the case of a contract of insurance (other than an investment-linked contract of insurance):

(ca)

the person to whom the investment authority is granted, in the case of a DIMS facility:

(d)

the person specified by regulations, in any other case

promoter means, in relation to an FMCA financial product, a person who is instrumental in the formulation of a plan or programme pursuant to which the product is offered

QFE or qualifying financial entity means an entity described in section 63(1)(a) or a number of partner entities described in section 63(1)(b)

QFE adviser means an individual who is not an authorised financial adviser and who is—

(a)

an employee of a QFE or any member of a QFE group; or

(b)

a nominated representative of a QFE or a partner entity

QFE group means a group of entities that consists of—

(a)

the partner entities that are part of a QFE and the associated entities of that QFE, if any; or

(b)

in the case of a QFE that does not come within paragraph (a), that QFE and its associated entities

qualified statutory accountant has the same meaning as in section 5(1) of the Financial Reporting Act 2013

real estate agent means a person who is a licensee under the Real Estate Agents Act 2008

record includes—

(a)

any file, register, ledger, book of account, or passbook, and any reproduction or copy of them or any entry in any of them; and

(b)

any apparatus or equipment in or on which information is recorded, stored, or embodied in any form so as to be capable of being retrieved, reproduced, or processed by any means; and

(c)

any material by means of which information is supplied to, or derived from, any such apparatus or equipment

register means the register of financial service providers maintained under the FSP Act

registered means registered under the FSP Act in respect of a financial adviser service, and registration has a corresponding meaning

registered bank has the same meaning as in section 2(1) of the Reserve Bank of New Zealand Act 1989

registered legal executive means a person who is a member of the New Zealand Institute of Legal Executives Incorporated and holds a current annual registration certificate issued by that body

registered valuer has the same meaning as in section 2 of the Valuers Act 1948

Registrar means the Registrar of Financial Service Providers

regulated offer has the same meaning as in section 41 of the Financial Markets Conduct Act 2013

regulations means regulations made under this Act

related, in relation to a body corporate, has the same meaning as in section 12(2) of the Financial Markets Conduct Act 2013

relevant service has the meaning set out in section 14(3)

retail client has the meaning set out in section 5B

standard conditions means standard terms and conditions for the time being approved by the FMA under section 147A or 147C and in force under section 147D

State services has the meaning given to it in section 2 of the State Sector Act 1988

State services employee means an employee or chief executive in any part of the State services, whether paid by salary, wages, or otherwise

statutory officer means a person—

(a)

holding or performing the duties of an office established by an enactment; or

(b)

performing duties expressly conferred on that person by virtue of his or her office by an enactment; or

(c)

holding office as the chief executive of a Crown organisation

Takeovers Code means the takeovers code in force under the Takeovers Act 1993

tax agent has the same meaning as in section 3(1) of the Tax Administration Act 1994

teacher means a person in a teaching position in the general education system

teaching position has the same meaning as in section 120 of the Education Act 1989

trust account records

(a)

means records relating to a trust account; and

(b)

includes any information that relates to a trust account and that is recorded or stored by means of any tape recorder, computer, or other device, and any material subsequently derived from information so recorded or stored

trustee corporation means Public Trust, the Māori Trustee, or any corporation authorised by an Act to administer the estates of deceased persons and other trust estates (and any wholly owned subsidiary of that corporation that is guaranteed by the corporation)

university has the same meaning as in section 159 of the Education Act 1989

wholesale client has the meaning set out in section 5C.

Section 5 acting through: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 acquire: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 advertisement: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 approved dispute resolution scheme: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 approved dispute resolution scheme: amended, on 1 July 2014, by section 47 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).

Section 5 approved rating agency: substituted, on 1 February 2011, by section 241(2) of the Insurance (Prudential Supervision) Act 2010 (2010 No 111).

Section 5 approved rating agency: amended, on 1 May 2014, by section 92(2) of the Non-bank Deposit Takers Act 2013 (2013 No 104).

Section 5 associated entity: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 authorised: amended, on 1 May 2011, by section 84(3) of the Financial Markets Authority Act 2011 (2011 No 5).

Section 5 authorised advertisement: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 bonus bond: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 broker: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 broker obligation: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 broking service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 building society: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 call building society share: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 call building society share or call credit union share: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 call credit union share: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 call debt security: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 category 1 product: replaced, on 1 December 2014, by section 12(3) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 category 2 product: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 category 2 product paragraph (ja): inserted, on 1 December 2014, by section 12(4) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 chartered accountant: repealed, on 1 July 2015, by section 17 of the Financial Reporting Amendment Act 2014 (2014 No 64).

Section 5 class of financial products: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 class service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 client: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 client money: replaced, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 client property: replaced, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 Commission: repealed, on 1 May 2011, by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).

Section 5 Commissioner for Financial Advisers or Commissioner: repealed, on 1 May 2011, by section 5 of the Financial Advisers Amendment Act 2011 (2011 No 9).

Section 5 conduct obligation: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 controlling owner: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 conveyancing practitioner: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 credit union: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 custodial service: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 DIMS facility: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 DIMS licensee: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 disclosure obligation: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 discretionary investment management service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 entity: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 exempt provider: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 financial adviser service: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 financial markets legislation: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 financial planning service: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 financial service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 FMA: inserted, on 1 May 2011, by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).

Section 5 FMCA financial product: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 futures contract: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 incorporated law firm: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 information: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 investment authority: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 investment-linked contract of insurance: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 investment planning service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 investment statement: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 investment transaction: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 issuer: replaced, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 licensed market: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 life insurance policy: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 local authority: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 member of a QFE group: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 nominated representative: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 non-profit organisation: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 offeror: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 on behalf of the business of another person or on behalf of another person’s business: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 overseas regulator: amended, on 1 May 2011, by section 84(3) of the Financial Markets Authority Act 2011 (2011 No 5).

Section 5 partner entity: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 personalised DIMS: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 personalised service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 product disclosure statement or PDS: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 product provider: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 product provider paragraph (a): replaced, on 1 December 2014, by section 12(5) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 product provider paragraph (ca): inserted, on 1 December 2014, by section 12(6) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 promoter: replaced, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 prospectus: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 QFE or qualifying financial entity: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 QFE adviser: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 QFE group: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 qualified statutory accountant: inserted, on 1 July 2015, by section 17 of the Financial Reporting Amendment Act 2014 (2014 No 64).

Section 5 registered: substituted, on 1 July 2010, by section 8(2) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 registered exchange: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 registered legal executive: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 regulated offer: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 related: inserted, on 1 December 2014, by section 12(2) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 related body corporate: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 related company: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 relevant service: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 retail client: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 security: repealed, on 1 December 2014, by section 12(1) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 5 standard conditions: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 standard conditions: amended, on 1 May 2011, by section 84(3) of the Financial Markets Authority Act 2011 (2011 No 5).

Section 5 statutory officer: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 trust account: repealed, on 1 July 2010, by section 8(3) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 trustee corporation: inserted, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).

Section 5 wholesale client: added, on 1 July 2010, by section 8(1) of the Financial Advisers Amendment Act 2010 (2010 No 40).