The Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations (the Regulations) come into force on 15 March 2021, the start date of the new financial advice regime. On 15 March 2021, the Financial Markets Conduct Act 2013 (FMCA) will be amended, and a new regime will be introduced for regulating financial advisers under the FMCA.

Under the new regime, there are a range of new duties that will apply to financial advisers, financial advice providers (FAPs) (and those engaged by them), including the duty to make prescribed information available in a prescribed manner when required to do so under the FMCA. The Regulations provide the details of these new disclosure requirements.