From the MBIE release:
As you may be aware, the Government has decided as part of the review of the Financial Advisers Act 2008 that there will be a universal code of conduct which sets out the minimum standards of conduct, competence and client care for persons giving regulated financial advice to retail clients.
The Government’s decisions around the new code of conduct will be reflected in the Financial Services Legislation Amendment Bill, which is expected to be introduced to Parliament later this year (a draft of the Bill is currently being publicly consulted on). To expedite development of the code, Cabinet has agreed that a Code Working Group be appointed to develop the code in parallel with the legislative process.
The Minister of Commerce and Consumer Affairs is now seeking expressions of interest for positions on the Code Working Group. The group will consist of at least seven members (with no more than eleven), with one member appointed as chairperson. This will include two members appointed based on their experience in consumer affairs or dispute resolution. Other members will be appointed based on their knowledge, skills and experience in the provision of financial services, or in other areas that will assist the Code Working Group to perform its functions.
Members of the Code Working Group will be appointed for a three year term, whereby its members will become the Code Committee under the new regime once the Bill is passed into law.
Interested parties can submit an expression of interest, or read the terms of reference and position description for the Code Working Group, at the MBIE careers centre website.
We encourage you to circulate this information to those you think may be interested in applying. Applications close at 5pm Friday 7 April.
For enquiries regarding the Code Working Group, please contract firstname.lastname@example.org