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Legal and regulatory update for the life and health insurance sector

19 May 2021 - Overseas Investment Amendment Bill (No 3) completed third reading in Parliament. https://www.beehive.govt.nz/release/overseas-investment-reform-protects-strategically-important-assets

20 May 2021 – FMA announced the appointment of Liam Mason as General Counsel. https://www.fma.govt.nz/news-and-resources/media-releases/fma-appoints-liam-mason-as-general-counsel/

20 May 2021 – Good Returns reported that the Financial Service Providers Register has already issued notices advising of the intention to de-list advisers who have not linked their registration to a financial advice provider or authorised body under the new regime, with Financial Services Complaints Ltd issuing an alert advising of the steps to take to complete the required linking. Relevant weblinks are https://www.goodreturns.co.nz/article/976518650/fspr-deadline-causes-panic.html and http://www.fscl.org.nz/alert-1

20 May 2021 – Treasury released the Government Budget 2021 documents. https://www.treasury.govt.nz/publications/budgets/budget-2021


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