Published 22 April 2009
The Securities Commission released a staff paper on authorised financial adviser competence on Monday, outlining possible approaches to setting the standards of competence which will be required for advisers who are authorised under the new Financial Advisers Act 2008.
The act is to be implemented by the end of 2010.
The commission’s director of supervision, Angus Dale-Jones, the submissions period would close on Friday 29 May.
After consultation, the Commissioner for Financial Advisers and the code committee would determine the skills & competencies required for financial advisers.
Attribution: Commission release, story written by Bob Dey for the Bob Dey Property Report.