OBS_VALUE: All financial service providers must comply with the requirements of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and must be registered on the Financial Service Providers Register. An Authorised Financial Adviser must be licenced to provide Discretionary Investment Management Services (DIMS). There might be an exemption from this requirement for a short period of time, when urgent decisions are needed. Note that the Government has confirmed the start date to the new financial advice regime for Monday 15 March 2021. The transitional licensing application window remains open until then. In the meantime, the current Financial Advisers Act 2008 continues to apply. Under the Financial Advisers Act 2008, overseas advisers who provide advice only to wholesale clients in New Zealand may not be required to be registered or authorised if they are overseas financial advisers (http://www.legislation.govt.nz/act/public/2008/0091/latest/whole.html#DLM1584655).