Ponzi schemes

In May 2018 we consulted on a proposal for a new, Ponzi-specific, insolvency regime based on the idea that investors should be treated equally.

About the consultation

On 10 May 2018, the Minister of Commerce and Consumer Affairs announced the release of a discussion document proposing a new, Ponzi-specific, insolvency regime. This consultation follows recommendations made by the Insolvency Review Working Group.

The proposals in the discussion document were intended to provide a basis for an informed public debate on how losses should be shared between investors in a Ponzi scheme.

Next steps

Submissions closed on 6 July 2018. We are currently considering submissions and preparing advice for the Minister of Commerce and Consumer Affairs on potential next steps.

Go to the consultation in Have your say