International financial reforms

We are completing work that may result in changes in New Zealand in response to various international financial market reforms.

In this section

Foreign margin requirements for OTC derivatives

On 30 August 2019 the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 received Royal assent. The Act amends aspects of New Zealand law which impede compliance with foreign margin requirements for over-the-counter derivatives.

Administrators of financial benchmarks

On 30 August 2019 the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 received Royal assent. The Act introduces a licensing regime for administrators of financial benchmarks.