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Strengthening New Zealand’s capital markets

13 December 2024

The Government is progressing a package of reforms to help ensure our capital markets are working to support a productive economy.

Financial markets and advisers Support for business Regulatory systems Regulating companies and other entities Business Economic Development

Seeking feedback on applying the consumer data right to banking and electricity

02 September 2024

The government is progressing the development of a ‘consumer data right’ to give individuals and businesses greater choice and control over their data. This is done through the Customer and Product Data Bill, which has been introduced to Parliament and is now before the Economic Development, Science and Innovation Committee.

Energy Financial markets and advisers Consumer protection Government

Government lifts loan affordability assessment rules

31 July 2024

Prescriptive loan affordability requirements have been removed from Credit Contracts and Consumer Finance Act (CCCFA) regulations.

Financial markets and advisers Regulatory systems Business

MBIE opens consultation on financial services reforms

22 May 2024

The Ministry of Business, Innovation and Employment (MBIE) is seeking feedback on options for streamlining how banks and other financial service providers are regulated by the government.

Financial markets and advisers

Government announces package of financial services reforms

22 April 2024

The Government has announced a two-phased package of reforms to streamline financial services.

Financial markets and advisers Dispute resolution Regulatory systems

Reducing barriers for financial services

01 February 2024

On 31 January 2024, the Government announced plans to reform the Financial Markets (Conduct of Institutions) Amendment Act (CoFI) and the Credit Contracts and Consumer Finance Act (CCCFA).

Financial markets and advisers Competition regulation

MBIE announces banking services panel

05 July 2023

The New Zealand Government Procurement (NZGP) branch of the Ministry of Business, Innovation and Employment (MBIE) has today announced an updated All-of-Government (AoG) panel providing a range of banking services to government agencies until 30 June 2027.

Financial markets and advisers

Government announces market study into personal banking services

20 June 2023

Today the Government has announced that it will ask the Commerce Commission (the Commission) to undertake a market study into competition in New Zealand’s personal banking sector.

Financial markets and advisers Consumer protection

Government announces final changes to the CCCFA Regulations

12 April 2023

The Government has announced a final set of changes to the Credit Contracts and Consumer Finance Act and the Responsible Lending Code to improve safe access to credit for Kiwis. The changes will be applied from 4 May 2023.

Financial markets and advisers Consumer protection

New Chair appointed to the Financial Advisers Disciplinary Committee

09 December 2022

The Ministry of Business, Innovation and Employment (MBIE) has today confirmed that Mr John Matthews has been appointed as Chair of the Financial Advisers Disciplinary Committee.

Financial markets and advisers
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