Authorised Financial Advisers (AFAs) should be aware that the AFA Adviser Business Statement Guide (the Guide) was updated in June 2011. The Guide is intended to help AFAs prepare the Adviser Business Statements that AFAs are required to maintain in order to be authorised under the Financial Advisers Act 2008. In this update to the Guide there were no material changes to the 'expected information' requirements however certain changes have been made to the language and references. Advisers should familiarise themselves with these changes and incorporate them where necessary when they next update their Adviser Business Statements.
Click here for a link to the updated AFA Adviser Business Statement Guide.