The Government is progressing a two-phased package of reforms to streamline financial services.

We are reviewing New Zealand's insurance contract law to ensure it is facilitating well-functioning insurance markets.

MBIE is responsible for administering legislation relating to financial institution conduct in New Zealand.

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

MBIE is responsible for administering legislation relating to the regulation of financial advice in New Zealand.

The Financial Markets Conduct Act 2013 (FMC Act) governs how financial products are offered, promoted, issued and sold, and the ongoing responsibilities of those who offer, issue, manage, supervise, deal in, and trade them. The FMC Act also regulates the provision of certain financial services (including financial advice services) and the conduct of financial institutions.

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).

The Ministry of Business, Innovation and Employment (MBIE) sought feedback on an exposure draft of proposed regulations under the Financial Markets (Conduct of Institutions) Amendment Act 2022 regarding the prohibition on certain sales incentives.

This page describes the financial markets conduct regulatory system, its objectives and our qualitative assessment of it. It also lists the main statutes and changes to regulation either planned or in progress.

The Retirement Commissioner is required to review the Government’s retirement income policies every 3 years, under the New Zealand Superannuation and Retirement Income Act 2001.