New Zealand Legislation: Acts

17 Who may provide financial adviser service

• (1) A person must not provide a financial adviser service unless—

  • (a) the person is permitted to provide that service under sections 18 to 20; or

  • (b) the person is—

    • (i) registered or an exempt provider; and

    • (ii) acting through a person to whom paragraph (a) applies (other than a QFE adviser); or

  • (c) the person is a QFE or a member of a QFE group acting through a QFE adviser to whom paragraph (a) applies.

  (2) Contraventions of this section may give rise to an offence (see section 114).

  Section 17: substituted, on 1 July 2010, by section 10 of the Financial Advisers Amendment Act 2010 (2010 No 40).