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The cost of care

Legal and regulatory update for the life and health insurance sector

17 Nov 2021 – FMA released three new self-assessment tools to help financial advice providers prepare for full licensing. The tools include:

  • Record keeping self-assessment tool
  • Cyber security and BCP self-assessment tool
  • Key outsourcing arrangements self-assessment tool

https://www.fma.govt.nz/news-and-resources/media-releases/financial-advice-providers-full-licensing-tools/

17 Nov 2021 – Under “FMA stories,” FMA released comment on its website on mandatory climate-related disclosures – a new regime for NZ and the FMA. https://www.fma.govt.nz/news-and-resources/fma-stories/mandatory-climate-related-disclosures-a-new-regime/

17 Nov 2021 – FMA consultation webpage updated in relation to the consultation completed on the “Proposed class exemption for restricted schemes from certain disclosure and reporting obligations.” https://www.fma.govt.nz/compliance/consultation/consultation-proposed-class-exemption-for-restricted-schemes-from-certain-disclosure-and-reporting-obligations/

17 Nov 2021 – NZ Treasury published a paper titled “The Wealth Ladder: House Prices and Wealth Inequality in New Zealand.” https://www.treasury.govt.nz/publications/an/an-21-01

17 Nov 2021 – The Incorporated Societies Bill second reading was completed in Parliament. https://www.parliament.nz/en/pb/bills-and-laws/bills-proposed-laws/document/BILL_109429/incorporated-societies-bill

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