Dire predictions of Advisers deserting the financial services industry in the face of the legislative review may or may not be accurate. But from the draft Bill presented to Parliament it appears that the regulator will have the power of life and death over small adviser enterprises.
The time is rapidly approaching when the opportunity for views on the proposed financial services legislation have to be presented. The Financial Services Legislation Amendment Bill (FSLAB) has been promoted in priority and has passed its First Reading.
I bring experience, energy, and enterprise based on operating at senior management and board level in New Zealand, Australia, and the UK. Familiarity with governance requirements during and after the arrival of a regulatory regime