New Zealand Legislation: Acts

17 Individual who is QFE employee or agent

• (1) An individual (whether registered or not) who is an employee or agent of a QFE may, in the course of the QFE’s business,—

  • (a) give financial advice in relation to a category 2 product; or

  • (b) make an investment transaction in relation to a category 2 product.

  (2) An individual (whether registered or not) who is an employee of a QFE may, in the course of the QFE's business,—

  • (a) give financial advice in relation to a category 1 product of which the QFE is the issuer; or

  • (b) make an investment transaction in relation to a category 1 product of which the QFE is the issuer.

  Section 17(1): amended, on 28 July 2009, by section 5 of the Financial Advisers Amendment Act 2009 (2009 No 24).