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Legal and regulatory update for the life and health insurance sector

The Financial Markets Conduct of Institutions Bill has a Special Order Paper added which has just been released and available here: https://legislation.govt.nz/sop/government/2022/0173/latest/096be8ed81c361f5.pdf. Of particular interest to Financial Advisers under the new regime will be the changes to definition of intermediary and exemptions that are intended to reduce the overlap between a product provider's fair conduct programme and the conduct obligations that Financial Advisers will have through their own licence.

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