Investors will have a higher level of protection

Investors will have a higher level of protection

Date added: Wednesday, 23 June 2010 16:18

Investors will have a higher level of protection after two bills regulating financial service providers were passed unanimously in Parliament, Commerce Minister Simon Power says.

The Financial Service Providers (Pre-Implementation Adjustments) Act, which will amend the Financial Advisers Act, and the Financial Service Providers (Registration and Dispute Resolution) Act would simplify compliance for financial advisers and provide a higher level on consumer protection, Mr Power said.

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