In a new guidance note entitled "Exemptions: Financial Advisers Act 2008", the Securities Commission explains its policy approach to granting such exemptions under the Financial Advisers Act 2008 (the FAA).
The guidance note answers the following commonly asked questions:
- What exemption-making powers does the Commission have under the FAA?
- What are the statutory criteria for an exemption?
- What is the Commission's policy in relation to exemptions?
- What if my circumstances change?
- How long is an exemption granted for?
- How long does it take to process an application?
- What are the fees and charges payable for exemption applications?
- Disclosure information about my application.
- What other information do I need to provide?
- Do I need a lawyer?
- Can I withdraw my application?
Click here to view a copy of the Guidance Note on the Securities Commission's website.