Quake-affected financial advisers get extension
Financial advisers affected by last month's Christchurch earthquake have been given more time to comply with the Government's financial adviser regime.
Financial advisers affected by last month's Christchurch earthquake have been given more time to comply with the Government's financial adviser regime.
Financial advisers affected by last month's Christchurch earthquake have been given more time to comply with the government's financial adviser regime.
The regime requires all financial service providers – including financial advisers – to be on a public register.
However, Commerce Minister Simon Power announced today that, under new Canterbury Earthquake Response and Recovery Act regulations, advisers whose businesses were in the Canterbury region would be given a further three months to seek registration and authorisation.
"It's crucial that people and businesses in the Canterbury region are able to focus on their basic and immediate needs, and I hope this extension will provide some relief," he said.
Affected advisers had until July 1 to ensure they are on the Register of Financial Service providers, and until October 1 to finalise their authorisation.