New Zealand Legislation: Regulations
Regulations are laws made under Acts
2008/412
Anand Satyanand, Governor-General
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.
This order is the Financial Advisers Act Commencement Order 2008.
Part 1 and sections 7 to 13, 78 to 95, 152 to 155, and 163(1) to (6) of the Financial Advisers Act 2008 come into force on 5 December 2008.
Rebecca Kitteridge,
Clerk of the Executive Council.
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.
Date of notification in Gazette: 23 October 2008.
This order is administered by the Ministry of Economic Development.