This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 December 2014, amend the Financial Advisers (Fees) Regulations 2010 (the principal regulations).
The principal regulations prescribe fees for applications to become authorised financial advisers and qualifying financial entities under the Financial Advisers Act 2008 (the Act) and for the renewal of authorisation and qualifying financial entity status.
These regulations amend the principal regulations to introduce new fees for—
applications under Part 3 of the Act to vary the scope, or the terms and conditions, of an authorised financial adviser’s authorisation; and
applications under section 75 of the Act to vary the terms and conditions of a grant of QFE status.
Date of notification in Gazette: 4 November 2014.
These regulations are administered by the Ministry of Business, Innovation, and Employment.