Legal and regulatory update for the life and health insurance sector
March 04, 2021
4 Mar 2021 – RBNZ released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation. https://www.rbnz.govt.nz/news/2021/03/insurance-solvency-standards-refined-by-feedback
4 Mar 2021 – FMA released its fourth statistical report for the year ended 30 June 2020 covering activity by licensed P2P and crowdfunding providers that provide annual information returns to the FMA. https://www.fma.govt.nz/news-and-resources/media-releases/peer-to-peer-lending-crowdfunding-2020/
3 Mar 2021 – Government announced the next stage of COVID-19 support for business and workers. https://www.beehive.govt.nz/release/next-stage-covid-19-support-business-and-workers
3 Mar 2021 – RBNZ further updated its statistics release calendar to reinstate a wide range of publications throughout this month. During March, it will be catching up on the remaining December month banking statistics. RBNZ will also return towards its normal schedule for banking and other financial data by adding in several publications of January and February month data. The new calendar follows:
Survey |
Reference period |
Series |
Original date |
New publication date |
Liquidity |
Dec-20 |
L1-L3 |
5-Feb-21 |
5-Mar-21 |
Managed Funds |
Dec-20 |
T40-T48 |
18-Feb-21 |
9-Mar-21 |
LVR – Positions (quarterly) |
Dec-20 |
C35 (also C32 part update) |
29-Jan-21 |
10-Mar-21 |
RBNZ |
Feb-21 |
R1-R3 |
12-Mar-21 |
12 Mar 2021 ** |
Retail interest rates |
Jan 2021 & Feb2021 |
B3 |
5 Feb 2021 & |
16-Mar-21 |
Retail interest rates |
Dec 2020 & |
B6 |
5 Feb 2021 & |
16-Mar-21 |
Retail interest rates |
Jan 2021 & |
B20-B21, B25-B27 |
5 Feb 2021 & |
16-Mar-21 |
Credit card |
Dec 2020 & |
C12-C13 |
26 Jan 2021 & |
16-Mar-21 |
LVR – New commitments |
Jan-21 |
C30-C32 |
25-Feb-21 |
17-Mar-21 |