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

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.

We are seeking public input into problems and proposed options to address jurisdictional inconsistencies between approved dispute resolution scheme rules.

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.

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.

The Ministry of Business, Innovation and Employment (MBIE) has today opened consultation on regulations relating to sales incentives and proposed licensing fees to support a new regulatory regime to govern conduct in the financial sector.

The Government has agreed through Budget 2022 to increase the Financial Market Authority - Te Mana Tātai Hokohoko’s (FMA) annual operating funding from $60.805 million to $76.401 million in 2025/26.

Consultation is now closed on the Insurance Contract Law Options Paper.

MBIE and the Financial Markets Authority (FMA) are consulting on proposed changes to the FMA’s funding and the FMA levy.

The Ministry of Business, Innovation and Employment is seeking submissions on possible regulations to support the operation of the Financial Markets (Conduct of Institutions) Amendment Bill. The feedback from this consultation will be used to advise the Government on options for regulations.