FMA has released guidance in the form of a set of frequently asked questions relating to FMA’s approach to the future regulation of discretionary investment management services (DIMS) under the Financial Markets Conduct Act 2013 (FMC Act) and the amended Financial Advisers Act 2008 (FAA) from 1 December.

A copy of this guidance is available here.

This will be useful if you plan to apply for a DIMS licence under the FMC Act or you are an Authorised Financial Adviser (AFA) who plans to provide personalised DIMS under the FAA.

FMA has also released a quick guide for AFAs on the same topic: 'Changes ahead for AFAs who provide DIMS – Update #2'