Trans-Tasman mutual recognition of financial advisors announced (FED)
ASIC and New Zealand's Financial Markets Authority (FMA) have today announced mutual recognition arrangements for Australian and New Zealand financial advisers.ASIC and New Zealand's Financial Markets Authority (FMA) have today announced mutual recognition arrangements for Australian and New Zealand financial advisers. This will enable financial advisers to provide services in each other's countries based on the qualifications and experience they have attained from their home country. FMA CEO Sean Hughes said, "The announcement is a significant step which supports our mutual desire for a more dynamic single economic market between New Zealand and Australia - particularly in financial services. It is important that we have taken this early initiative in the area of financial advice - which is so critical to the financial health of our communities on both sides of the Tasman."
02 July 2012