Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698836427137.pdf (New Zealand)
2019/283 Financial Services Legislation Amendment Act Commencement Order (No 2) 2019 Patsy Reddy, Governor-General Order in Council At Wellington this 25th day of November 2019 Present: The Hon Kelvin Davis presiding in Council This order is made under section 2(2) of the Financial Services Legislation Amend- ment Act 2019 on the advice and with the consent of the Executive Council.
1 2 1 2 Contents Title Commencement of certain transitional provisions relating to Financial Services Legislation Amendment Act 2019 Page 1 1 Title Order This order is the Financial Services Legislation Amendment Act Commence- ment Order (No 2) 2019.
Commencement of certain transitional provisions relating to Financial Services Legislation Amendment Act 2019 The following provisions of the Financial Services Legislation Amendment Act 2019 come into force on 26 November 2019: 1 Explanatory note Financial Services Legislation Amendment Act Commencement Order (No 2) 2019 2019/283 (a) (b) section 95: Schedule 3 (except clause 3(1)(b) and (c) of new Schedule 1AA).

Michael Webster, Clerk of the Executive Council.


Explanatory note This note is not part of the order, but is intended to indicate its general effect.

This order brings into force on 26 November 2019 transitional provisions in the Financial Services Legislation Amendment Act 2019.

The Financial Services Legislation Amendment Act 2019, among other things, intro- duces a new regime for financial advice services under the Financial Markets Con- duct Act 2013.
The new regime replaces the Financial Advisers Act 2008.

The main effect of the transitional provisions is to immediately allow persons to register for a financial advice service under the Financial Service Providers (Registra- tion and Dispute Resolution) Act 2008 (the 2008 Act).

That is, applications may be made before the new regime for financial advice services comes into force on 29 June 2020.

See clause 3(1)(a) of new Schedule 1AA.


The transitional provisions in clauses 1 and 2 of new Schedule 1AA relate to changes in the descriptions of certain financial services under the 2008 Act and changes to the application of that Act.

These changes to the 2008 Act come into force on 29 June 2020.

See the Financial Services Legislation Amendment Act Commencement Order 2019.

That order brings into force the remaining provisions of the Financial Services Legis- lation Amendment Act 2019 on 29 June 2020.
Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 25 November 2019.

This order is administered by the Ministry of Business, Innovation, and Employment.

Wellington, New Zealand: Published under the authority of the New Zealand Government—2019 2