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16. Education


Financial Intermediaries: Discussion Document

Regulatory and Competition Policy Branch
[ Last Updated 4 July 2006 ]


314. The Taskforce suggested that there should be an educational component for the general public which should be carried out by a public body. Stakeholders have since suggested that to Ministry officials that this would be an onerous component of an approved professional body's duties.

315. Ministry officials are keen to seek your views on:

  • Whether public education should be within the role of approved professional bodies?
  • Whether approved professional bodies should be responsible for a reduced role, that is, educating the public in relation to the role of an / their approved professional body?

316. Another option is that approved professional bodies could contribute advice / resources to a central body which has responsibility for educating the public on matters including financial intermediaries, and the wider financial sector, or that the government instead contribute to this work.


Question

Q92. Should public education be within the role of approved professional bodies? Why? What are the costs and benefits which apply to your response?



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