JULY ISSUE | 2020 This month we look at disclosure requirements under the new financial advice regime, a Financial Markets Authority (FMA) consultation paper about licensing under the new financial advice regime, FMA proceedings against ANZ, progress with new privacy legislation, and the Reserve Bank…

JUNE ISSUE | 2020 This  month we look at the FMA’s conduct expectations for insurers during COVID-19, health and safety at COVID-19 Alert Level 2, and the decision to boost the FMA’s funding with increased levies. We also provide our general update on relevant legislation….

MAY ISSUE | 2020 This month we look at the FMA’s continued focus on conduct regulation, health and safety guidelines for workplaces opening during COVID-19 Alert Level 3, a comprehensive list of deferred regulatory initiatives issued by the Council of Financial Regulators, and the new…

APRIL ISSUE | 2020 This month we look at steps taken by regulators to ease the regulatory pressure on insurers and other financial institutions in light of COVID-19 and the new commencement date for the Privacy Bill currently before Parliament. We also provide our general…

MARCH ISSUE | 2020 This month we look at Rob Everett, Chief Executive of the FMA’s speech to the Financial Services Council, recent legislative progress for the Conduct of Institutions regulations and Fair Trading Act amendments, and a reminder about financial advice licensing. We also…

FEBRUARY ISSUE | 2020 This month we look at the new Financial Markets (Conduct of Institutions) Amendment Bill, progress made regarding the review of insurance contract law, advice from MBIE in respect of the new financial advice regime, and the Council of Financial Regulators’ priorities…

DECEMBER ISSUE | 2019 This month we look at standard conditions to be included in all transitional licences issued to financial advice providers, new information about the Reserve Bank’s visions for the insurance sector, and a proposed new regime for climate-related financial disclosures. We also…

NOVEMBER ISSUE | 2019 This month we look at regulations issued by the Government to support the new financial advice regime, draft regulations that will implement disclosure requirements for the new financial advice regime, and an announcement of changes to laws against unfair commercial practices….

OCTOBER ISSUE | 2019 This month we look at the announcement of a new conduct regime for financial services, the Financial Market’s Authority and Reserve Bank’s update on life insurer conduct, and the new Insurance Fraud Bureau. We also provide our general update on relevant…

AUGUST ISSUE | 2019 This month we look to the information which has recently been provided about transitioning to the new Financial Advice regulatory regime, the outcome of an independent review of the Reserve Bank’s supervision of CBL Insurance Limited, an update on the Financial…

JULY ISSUE | 2019 This month we look at the new Tribunal instituted by the Canterbury Earthquakes Insurance Tribunal Act 2018, transitional licencing under the new financial advice regulation regime, and New Zealand banks’ commitment to removing sales-based incentives for frontline staff. We also provide…