2024-25 financial services reforms
The Government is progressing reforms to streamline financial services.
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Displaying 11 - 20 filtered results of 46
Capital Markets Reforms
The Ministry of Business, Innovation & Employment consulted on 2 proposals to strengthen New Zealand’s Capital Markets.
Consultation on standards – Customer and Product Data Act 2025
MBIE is seeking feedback on new draft standards that will support the implementation of regulated open banking in New Zealand.
Review of insurance contract law - options paper: quick submissions
We received 48 submissions through our online portal. 43 can be viewed below. A further 5 submitters did not want their submissions published. Redactions have been made in accordance with the Official Information Act 1982, and the Privacy Act 1993.
Consultation on exposure draft of regulations under the Financial Markets (Conduct of Institutions) Amendment Act 2022 – prohibition of certain sales incentives
The Ministry of Business, Innovation and Employment (MBIE) sought feedback on an exposure draft of proposed regulations under the Financial Markets (Conduct of Institutions) Amendment Act 2022 regarding the prohibition on certain sales incentives.
Financial markets conduct regulation
We provide policy advice on a range of issues relating to the financial markets conduct regulatory system.
Conduct of financial institutions regime
MBIE is responsible for administering legislation relating to financial institution conduct in New Zealand.
Fit for purpose financial services reform
The Ministry of Business, Innovation & Employment consulted on proposed changes to how financial products and services are regulated in 3 key areas: consumer credit, financial services conduct and financial dispute resolution.
Regulation of financial advice
MBIE is responsible for administering legislation relating to the regulation of financial advice in New Zealand.
Financial Markets Conduct Act
The Financial Markets Conduct Act 2013 (FMC Act) governs how financial products are offered, promoted, issued and sold, and the ongoing responsibilities of those who offer, issue, manage, supervise, deal in, and trade them. The FMC Act also regulates the provision of certain financial services (including financial advice services) and the conduct of financial institutions.