Thursday, June 13, 2024

Compliance & regulation

Dispute Resolution Changes on The Table

The Government is looking to reform the regulatory landscape for financial services, and is inviting industry feedback on its proposals. Among the proposed changes include...

FMA Urges Advisers to Read its Monitoring Report

The first Financial Advice Provider Monitoring Insights report shows that some FAPs and advisers have a limited understanding of the purpose and intent of...
appointment

New Chair Appointed to FMA

Craig Stobo is the new chair of the FMA, replacing Mark Todd, whose term expired at the end of April. Stobo’s appointment is for...

More Work Needed to Increase Client Engagement

With the FMA increasing its engagement with FAPs, Compliance Refinery’s CEO Steven Burgess says advisers need to place more emphasis on ensuring their clients...

FMA to Share Findings of FAP Monitoring

News that insights from the FMA’s monitoring of FAPs is to be shared with the industry drew strong reader interest this week... Insights from the...

Have Your Say on Contracts of Insurance Bill

The government's Finance and Expenditure Committee is calling for public submissions on the Contracts of Insurance Bill. The Bill, proposed by Duncan Webb MP, seeks...

FMA’s Outcomes Focused Regulation – Next Steps

Consultation on the FMA's outcomes-focused regulation closed on 1 March with 52 submissions being made since industry was invited to participate in November last...
appointment

Senior FMA Appointment Confirmed

The FMA has appointed Louise Unger as its Executive Director for Response and Enforcement. She will be based in Auckland and is expected to...

Prohibited Incentives Rules on Their Way

Any FAP deemed to be an intermediary for a financial institution could be caught by CoFI's incoming prohibited incentive rules – due to be...