Sweet sixteen...
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Legal and regulatory updates for the life and health sector

17 Aug 2020 – MBIE advised that the expiry date for the addendum to the Responsible Lending Code relevant to Covid-19 has been extended to 31 March 2020, to align with the extension to the term of the mortgage deferral scheme to the same date, with updated guidance released today on this extension by the Reserve Bank.

17 Aug 2020 – The FIU posted on its website information on the Basel AML Index, which ranks the risk of money laundering  and terrorism financing of countries around the world, a resource that may be useful when assessing risks of the countries that NZ AML/CFT regulated entities deal with. https://www.dia.govt.nz/AML-CFT-Independent-ML-TF-risk-country-rankings

17 Aug 2020 – Dissolution of Parliament postponed until 6 Sept 2020, with Treasury consequently announcing delay in the publication of the pre-election economic and fiscal update, to be completed between 7 & 21 Sept.

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