The 14th Annual Financial Markets Law Conference - 2018
- Key watchpoints on AML compliance for financial advice firms
- FMA’s update on the voluntary robo-advice registration exemption
- Advisors’ obligations under updates to Financial Markets conduct act
The Financial Services Law Amendment Bill is expected to even the playing field for everyone giving financial advice through a new, universal code of conduct. The bill is likely to have farreaching consequences on the way financial advice is given, ensuring that consumers are given good advice. This session considers the proposed new financial advice code of conduct, including its requirements for standards of ethical behaviour, client care and competence, knowledge and skill.
- Key controls and limits on the FMA’s robo-advice exemption
- Balancing financial advice-gap and mitigating the risk of poor consumer outcomes within robo-advice
- How robo-advice changes NZ’s capital markets eco-system – what advisors need to prepare for now
Susan Taylor, Chief Executive Officer, Financial Services Complaints Ltd
Hayley Cassidy, General Counsel, NIkko Asset Management
- AML – an update on cases taken thus far
- Updates to Phase II of the AML/CFT regime and what it means for captured entities
Stephen McDaid, Senior Solicitor, Meredith Connell
Overseas, financial market misconduct has become centre stage for claims, penalties and remediation in the hundreds of millions of dollars; besides seeing a significant questioning of public confidence in financial institutions. These issues can involve high financial and reputational risks for institutions and significant losses to their customers. This session will canvass some of the key legal and governance challenges for financial institutions in this critical area.
- Key changes to the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and the Financial Service Providers Register
- Obligation for some off-shore businesses with NZ clients to register
- Obligation for off-shore businesses using the FSPR as a “register of convenience” to deregister
- Approach of dispute resolution schemes to the updated regime
- Digital tokens, Blockchain and securities markets
- Regulating capital raising through ICOs
- Utility tokens vs security tokens
Nick will end the summit with a final wrap-up of the major cases within NZ’s capital markets and overseas as well as their implications.