The MBIE options paper suggests several proposed changes to the Financial Advisers Act which would require those currently operating as RFAs to meet the supervision requirements imposed on AFAs. There are a number of dimensions to being AFA-ready: education requirements are a pre-requisite, but the actual practice of Code-compliant advice is probably more demanding. Because business processes take some time to change it is probably best to start the planning process now so that you have more time to implement change over the next couple of years.