New Zealand Legislation: Bills

10 Prerequisites for performing financial adviser service for member of public

• (1) A person must not perform a financial adviser service for a member of the public unless that person is—

  • (a) a member of an approved professional body; and

  • (b) registered.

  (2) A person must not perform a financial adviser service for a member of the public if that person is a disqualified person under section 13 of the Financial Service Providers (Registration and Dispute Resolution) Act 2007.

  (3) A person who contravenes subsection (1) or (2) commits an offence (see section 107).