Thursday, May 6, 2021

Compliance & regulation

One Third of Privacy Breach Complaints Relate to Emails

Of all the privacy breaches reported to the office of the Privacy Commissioner in the past five months 30% relate to emails. Feilidh Dwyer, writing...

Cut-and-Paste Answers to FAP Application Surprise Regulator

Cutting and pasting example answers from the FMA's website into an application for a full FAP license didn't cut any ice with the regulator...

First Days of New Regulatory Regime Debate

The new financial advice regime and how those in the industry are tracking will be discussed during a Financial Advice NZ webinar starting at...

Pressure Builds to End Sales Incentives

An end to sales incentives based on volume or value targets is one idea being floated by MBIE in a discussion paper related to...

Proposed Laws on Industry Intermediaries Under Review

MBIE is seeking feedback on a range of changes to the Financial Markets (conduct of institutions) Amendment Bill that regulates those working in sales...
dispute resolution

Dispute Resolution Schemes Under Review

MBIE is looking for feedback on the country's four financial dispute resolution schemes as part of a review of their rules and limitations. Each resolution...

Life Products Keep Advisers Busy

Personal risk insurance, such as life cover, is the most popular product for 70% of the country's financial advisers, according to the FMA. This...

First Week of New Regime – It’s The ‘End of The Beginning’

More than 10,200 financial advisers are now working under the new FMA licensing regime which started this week following almost five years of planning. The...

Free Financial Markets Conduct Act Check List

A checklist for those working under the just-introduced Financial Services Legislation Amendment Act has been published by Strategi. Its Best Practice PDF details much of...