“Quite a lot of (FSLAB) is similar to what we experienced across the ditch,” Mancell told a group of NZ advisers last week. “You should be cautious about the legislation coming your way.”
Advisory firms law changes look like Aussie model
Smaller advice firms in New Zealand could find the new legislative regime is harder to deal with than they expect if the Australian experience is anything to go by. The Financial Markets Authority has indicated that it will allow the requirements of licensing to be tailored to fit the needs of smaller firms.
