Are you aware that the new financial regime came into play recently? We recommend you make sure that your Financial Advice Provider is qualified to operate under the new financial regime legislation.
Trusted & Qualified Personal Lending Advisers
On Monday 15th March 2021, the new financial advice regime commenced. This means that all loan brokers, or personal lending brokers (as they were traditionally called – but under the new regime are referred to as Financial Advice Providers) are now regulated and must comply with New Zealand’s Financial Markets Authority (FMA).
It is important that you check to see whether any Financial Advice Provider you are considering using:
a) operates under a licence and;
b) that their Financial Advisers are registered on the Financial Service Providers Register (FSPR).
Max Loans is part of the Max Money Group. Max Money Group Limited FSP564207, holds a licence issued by the Financial Markets Authority to provide financial advice services.
Under that licence it provides financial advice service in relation to Personal Lending Products (also know as consumer credit contracts) under the brand of Max Loans.
All of Max Loans Personal Lending Advisers are registered on the Financial Services Provider Register (FSPR).
At Max Loans, you can be confident that we operate within the requirements of the new financial advice regime. Check to see whether any “loan broker” you are thinking of using operates under the required regulation before trusting them with your finances!
To read more about the new regime, click here.
