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Government announces further changes to the CCCFA regime

New Zealand - November 1 2022 On 2 August 2022, the Government announced further changes to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) regime that are expected to…

Scott Abel, Jan Etwell, Rebecca Green, Simon Jensen, Aaron Ni, Lara Wood

Reserve Bank seeks feedback on Deposit Takers Bill

New Zealand - October 28 2022 The Reserve Bank of New Zealand (RBNZ) is seeking feedback on draft legislation for a proposed Deposit Takers Bill (the Bill). The Bill, if enacted…

Scott Abel, Jan Etwell, Rebecca Green, Simon Jensen, Aaron Ni, Lara Wood

FMA publishes its report on the Thematic review of use of the wholesale investor exclusion

New Zealand - October 21 2022 On 20 October 2022, the Financial Markets Authority - Te Mana Tātai Hokohoko (the FMA) released its report titled "Thematic review of use of the…

Scott Abel, Jan Etwell, Rebecca Green, Simon Jensen, Aaron Ni, Lara Wood

Government announces further changes to the CCCFA regime

New Zealand - August 18 2022 On 2 August 2022, the Government announced further changes to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) regime that are expected to…

Scott Abel, Jan Etwell, Rebecca Green, Simon Jensen, Aaron Ni, Lara Wood

Conduct of financial institutions regime

Australia, New Zealand - August 4 2022 On 29 June 2022, the Financial Markets (Conduct of Institutions) Amendment Act 2022 (the Act) attained Royal Assent. The Act is expected to fully…

Scott Abel, Jan Etwell, Rebecca Green, Simon Jensen, Lara Wood