The Securities Commission has published a guidance note explaining its approach to granting exemptions under the Financial Advisers Act.

In the guidance note, the following commonly asked questions are answered:

  • What exemption making powers does the Commission have under the Financial Advisers Act?
  • 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?

For the answers to these questions, click here to go to the Securities Commission website.