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StatuteTrusts Act 2019

Section Sch1-13 — Trusts Act 2019: Transitional provision relating to Financial Advisers Act 2008

Text of the provision Official document

13 Transitional provision relating to Financial Advisers Act 2008 (1) This clause applies if this Act comes into force under section 2(1) before the commencement of section 29 of the Financial Services Legislation Amendment Act 2019. (2) In Schedule 3 ,— (a) the classes of contract listed in paragraph (b) of the definition of services in clause 1(3) must be treated as including a contract for a financial product (within the meaning of section 5 of the Financial Advisers Act 2008): (b) references in clause 2 to a client money or property service, a provider of that service, or a wholesale client must be treated as including a broking service, a broker, or a wholesale client (as the case may be) within the meaning of section 5 of the Financial Advisers Act 2008: (c) the reference to the Financial Markets Conduct Act 2013 in clause 5 must be treated as including the Financial Advisers Act 2008 .

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.