New Zealand Legislation: Acts

24 Disclosure statement

• (1) Disclosure under section 22(1) must be made by 1 or more disclosure statements in accordance with the regulations.

  (2) A disclosure statement must—

  • (a) be in writing; and

  • (b) state when it was prepared; and

  • (c) state the name, address, trading name (if any), telephone number, fax number, and email address of the financial adviser; and

  • (d) be—

    • (i) provided to the client; or

    • (ii) delivered or sent to the client at the client's last known address or an address (including an electronic address) specified by the client for that purpose.

  (3) Regulations may provide for the form that a disclosure statement must take.

  Section 24: substituted, on 1 July 2010, by section 11 of the Financial Advisers Amendment Act 2010 (2010 No 40).