Explain how each entity is licensed and supervised

Assignment Help Financial Accounting

Reference no: EM133265623

Regulators and legislation
In this task you are asked to consider the two scenarios below:

Scenario 1:
You work for OP Advisers, a Financial Advice Provider (FAP), giving advice in relation to Investments and Kiwi Saver.

Scenario 2: You work for Aotearoa Building Society which offers term deposits and lending services.
For each of the scenarios:
a) Explain how each entity is licensed and supervised and by whom
b) Identify two Acts that apply to the services you provide and outline the key purpose of each Act.

Guidance notes:
• Include the regulator responsible for enforcement of that Act.
• One Act may apply to both scenarios. You must cover at least three different Acts across the two scenarios.
• Ensure you use the full name of the Act including the year.

Reference no: EM133265623

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