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Legal and regulatory update for the life and health insurance sector

9 July 2021 – FMA released updated AML/CFT guidance related to the regulation changes coming into force today.

8 July 2021 – RBNZ released the results of its 2021 Relationship Charter performance measurement survey, noting also that this was the first year the insurance sector was included in the survey.

7 July 2021 – FMA released survey results showing changing investor preferences and continuing confidence in the markets.

7 July 2021 – FMA announced cancellation for the first time of a Managed Investment Scheme manager licence, belonging to Fund Managers Otago.

7 July 2021 – RBNZ announced that it will be consulting extensively over the remainder of 2021 on issues key to the future of how New Zealanders pay and save, driven by its new stewardship mandate for cash and a broader currency system.

7 July 2021 – Department of Internal Affairs released an update to help AML/CFT reporting entities who are involved in real estate transactions understand risks associated with sight unseen property purchases.


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