Financial Advisers Disciplinary CommitteeFinancial Advisers Disciplinary Committee - Home page

The Financial Advisers Disciplinary Committee (FADC) was established in December 2010 by the Minister of Commerce to conduct disciplinary proceedings arising out of complaints regarding Authorised Financial Advisers (AFAs) referred to it by the Financial Markets Authority (FMA).

The FADC has the ability to make determinations and impose penalties ranging from recommending to the FMA that it cancel an AFA’s authorisation, through to imposing a fine not exceeding $10,000.