Wednesday, February 26, 2020

Tag: Government

Government Introduces Conduct Bill 

The Government introduced the Financial Markets (Conduct of Institutions) Amendment Bill yesterday. The Bill aims to improve the conduct of banks, insurers and other financial...

Insurance Contract Law Changes a Win For Consumers

Proposed changes to insurance contract law by the Government aims to make insurance policies easier to understand and fairer for consumers. Minister of Commerce and...

Government Increases FMA Litigation Budget

The Government has announced an increase of $4 million to the Financial Markets Authority’s litigation fund for 2019/20 to strengthen enforcement capability. The increase, which...

Give Your Opinion on Draft Disclosure Requirements 

The Government has released the draft disclosure requirements that will apply in the new regime for financial advice. It is seeking feedback on whether the...

Poll Results – Conduct Regime Supported

Our latest poll asked if you agreed with the Government’s recently announced regime to regulate financial conduct. At the time of writing, the majority of...

Law Firm Concerned with Complexity of CoFI Review and FSLAA Reform

KensingtonSwan has voiced its concern on the increased complexities of financial sector law and the potential impact of financial advice providers. This follows the...

Conduct Regime May Bring Further Licence Conditions on FAPs

Financial Advice Providers (FAPs) may be subject to further licence conditions that align with obligations in the recently announced conduct regime for financial institutions. The...

Government Announces Conduct Licensing Regime for Insurers and Banks

The Government has announced a new regime to regulate financial conduct, which it says will make banks and insurers treat their customers fairly. Commerce and...

Consumers Deserve Better From Life Insurers – Faafoi

The Government has warned that consumers deserve better from life insurers. This follows the Reserve Bank of New Zealand and Financial Markets Authority voicing their...