New Zealand Legislation: Acts

22 Financial adviser must make disclosure before providing personalised service to retail client

• (1) A financial adviser who provides a personalised service to a retail client must disclose prescribed information to the client, in accordance with this Act and the regulations,—

  • (a) before providing the service; or

  • (b) if not practicable before, as soon as practicable after providing the service.

  (2) Subsection (1) does not apply to a QFE adviser acting in that capacity.

  Section 22: substituted, on 1 July 2010, by section 11 of the Financial Advisers Amendment Act 2010 (2010 No 40).