Financial Advisers Act Commencement Order 2008

2008/412

Crest

Financial Advisers Act Commencement Order 2008

Anand Satyanand, Governor-General

Order in Council

At Wellington this 20th day of October 2008

Present:
The Right Hon Helen Clark presiding in Council

Pursuant to section 2 of the Financial Advisers Act 2008, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.

Order

1 Title
  • This order is the Financial Advisers Act Commencement Order 2008.

2 Commencement of various provisions of Financial Advisers Act 2008

Rebecca Kitteridge,
Clerk of the Executive Council.


Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order brings certain machinery provisions of the Financial Advisers Act 2008 into force on 5 December 2008, in advance of the commencement of the main Act. The relevant provisions are—

  • the preliminary provisions in Part 1:

  • certain other outline and interpretation provisions, for example, about who are financial advisers and what is financial advice:

  • provisions relating to the Commissioner for Financial Advisers and to the committee that has the function of producing a code of professional conduct for financial advisers:

  • certain regulation-making and fee-making powers:

  • certain amendments to the Securities Act 1978 in relation to the functions and membership of the Securities Commission.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 23 October 2008.

This order is administered by the Ministry of Economic Development.