New Zealand Legislation: Acts

23 Disclosure by authorised financial adviser

• (1) An authorised financial adviser must disclose the information prescribed by regulations.

  (2) For the purposes of this section, regulations may prescribe disclosure in relation to any or all of the following matters:

  • (a) professional or business experience relevant to performance of a financial adviser service:

  • (b) criminal convictions:

  • (c) disciplinary proceedings:

  • (d) adverse findings by a court or the Commission:

  • (e) bankruptcy or other insolvency proceedings:

  • (f) fees:

  • (g) material interests, relationships, or associations:

  • (h) remuneration:

  • (i) financial products in relation to which a financial adviser service is performed:

  • (j) procedures for handling a client’s money or other property:

  • (k) indemnity insurance:

  • (l) dispute resolution arrangements:

  • (m) location of business premises:

  • (n) matters required to be disclosed by the financial adviser’s terms and conditions of authorisation.

  (3) Regulations made for the purposes of this section may prescribe different disclosure according to different classes of authorised financial adviser, financial adviser service, or client.