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legal and regulatory update for the life and health insurance sector

10 June 2022 – XRB published a working draft of guidance for industry bodies, consultants and entities engaged in developing climate-related scenarios at a sectoral scale. It outlines a six-step process that shows how the Task Force on Climate-related Financial Disclosures (TCFD) guidance can be put into practice by sectors to promote consistent, comparable and high-quality disclosures. Draft guidance for individual entity-level disclosures will be published with the exposure drafts in July 2022. https://www.xrb.govt.nz/standards/climate-related-disclosures/resources/

10 June 2022 – Chapter Zero NZ published a Sector showcase: Addressing Climate in the Banking Industry. https://www.chapterzero.nz/news/sector-showcase-banking-industry/

13 June 2022 – NZX announced the appointment of five new members to the NZ Markets Disciplinary Tribunal. The Financial Markets Authority has confirmed the appointments. The new members are Jenn Page, Charles Bolt, Darren Manning, Gretchen Williamson and Sarah Miller. https://www.nzx.com/announcements/393639

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