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Legal and regulatory news update for the life and health insurance sector

Legal and regulatory news for the life and health insurance sector

25 Aug 2020 – NZX decided to halt trading early as it “experienced a volumetric DDoS (distributed denial of service) attack from offshore, which impacted NZX system connectivity.”

26 Aug 2020 - ANZ Investment Services (New Zealand) Ltd announced it will stop accepting new investment into the Bonus Bonds Scheme and, following two further prize draws, will wind up the scheme over the next year.

https://news.anz.com/new-zealand/posts/2020/08/bonus-bonds-announcement

26 Aug 2020 – RBNZ advised that the Ministry of Health granted an exemption to enable registered banks and licensed non-bank deposit takers to carry out critical financial services at Alert Level 3.

https://www.rbnz.govt.nz/news/2020/08/banks-and-nbdts-under-covid19-alert-level-3-august-2020

26 Aug 2020 – Stats NZ reported that incomes fell for the first time since records started in 1998.

https://www.stats.govt.nz/news/incomes-fall-for-first-time-on-record

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