STAFF PAPER ON REGULATING AND SUPERVISING FINANCIAL ADVISERS

18 June 2009

CONTENTS

• ABOUT THIS PAPER
• MAKING A SUBMISSION
• REGULATING FINANCIAL ADVISERS
• OVERVIEW OF THE REGULATORY FRAMEWORK
• REGISTRATION OF FINANCIAL ADVISER EMPLOYERS OR PRINCIPALS
• FINANCIAL PLANNING SERVICES
• REGISTRATION AS A FINANCIAL SERVICE PROVIDER
• SUPERVISING FINANCIAL ADVISERS
• SUPERVISION AND THE PURPOSE OF THE ACT
• The sound delivery of financial advice
• The efficient delivery of financial advice
• Professionalism and integrity of financial advisers
• HOW THE COMMISSION WILL SUPERVISE FINANCIAL ADVISERS
• COMPLAINTS AND ENFORCEMENT
• COMPLAINTS ABOUT FINANCIAL ADVISERS
• GENERAL ENFORCEMENT POWERS
• ENFORCEMENT POWERS SPECIFIC TO AFAS
• Breaches of the code of professional conduct
• ENFORCEMENT POWERS SPECIFIC TO QFES
• AUTHORISED FINANCIAL ADVISERS
• AFAS - GENERAL COMMENTS
• BECOMING AN AUTHORISED FINANCIAL ADVISER
• QUALIFYING FINANCIAL ENTITIES
• QFES - GENERAL COMMENTS
• WHO AND WHAT A QFE IS RESPONSIBLE FOR
• Agents of a QFE
• AFAs who are employees or agents of a QFE
• WHO MIGHT APPLY TO BE A QFE?
• BECOMING A QFE
• COMPETENCE AND STANDARDS OF PROFESSIONAL CONDUCT FOR QFE ADVISERS
• DISCLOSURE BY QFES
• Disclosure by wholesale financial advisers and research financial advisers

 

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