New Zealand Legislation: Acts

31 Disclosure by 2 or more financial advisers in joint disclosure statement

• (1) Subject to regulations being made under subsection (3), disclosure may be made by 2 or more financial advisers in a joint disclosure statement.

  (2) A joint disclosure statement must—

  • (a) comply with section 24(2)(a) to (c); and

  • (b) comply with regulations prescribing the form of the joint disclosure statement; and

  • (c) 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 prescribe—

  • (a) when, and subject to what terms and conditions, disclosure may be made in a joint disclosure statement; and

  • (b) the form of a joint disclosure statement.

  Section 31(2)(c): substituted, on 1 July 2010, by section 12 of the Financial Advisers Amendment Act 2010 (2010 No 40).