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New guidance for directors on forthcoming climate-related disclosure obligations

New Zealand - July 1 2022 In May 2022, the External Reporting Board (XRB) and Financial Markets Authority (FMA) jointly published a guidance document 'Aotearoa New Zealand…

Amman Bulchandani, Jan Etwell, Emma Geard, Rebecca Green, Simon Jensen, Aaron Ni, Lara Wood

Government announces changes to responsible lending rules

New Zealand - June 23 2022 On 11 March 2022, the Government announced that it would "make practical amendments to the responsible lending rules to curb any unintended…

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

New Zealand's wholesale investor regime - whole or hole?

New Zealand - June 21 2022 The Financial Markets Authority (the FMA) has recently signalled that an investigation into the treatment of offers to wholesale investors will be on…

Jan Etwell, Rebecca Green, Simon Jensen, Lara Wood

The Insurance (Prudential Supervision) Act 2010 review

New Zealand - June 20 2022 On 1 October 2020, the Reserve Bank of New Zealand (Reserve Bank) formally relaunched its review of the Insurance (Prudential Supervision) Act 2010…

Jan Etwell, Rebecca Green, Simon Jensen, Lara Wood

Retail Payment System Act 2022

New Zealand - May 25 2022 The Retail Payment System Act 2022 (Act) establishes a new regulatory regime to govern New Zealand's retail payments system and entities involved in…

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