New Zealand Legislation: Bills

8 Purpose of this Part

• The purpose of this Part is to—

  • (a) establish a compulsory public register of financial service providers and financial advisers to enable—

    • (i) the public to access information about financial service providers and financial advisers; and

    • (ii) the Registrar and other regulators to regulate financial service providers and financial advisers:

  • (b) prohibit certain people from being involved in the management or direction of registered financial service providers:

  • (c) conform with New Zealand’s obligations under the FATF Recommendations.