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Motor Fax for June
26/07/2024 12:00:00 AMMotor Fax for June 2024
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May Motor Fax
26/07/2024 12:00:00 AMMotor Fax May 2024
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Motor Fax for April 2024
14/06/2024 12:00:00 AMMotor Fax April 2024
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The April-May Regulatory update includes a comprehensive update on the work being done on the CCCFA including proposed timelines for the implementation of stage one and further details about what may be reviewed in stage two. Meanwhile, we are working on a variety of other open consultations including the Statement of Funding Approach for the DCS and the new Contracts of Insurance Bill. The update also includes our recent submissions on the Biometrics Code of Practice and the Commerce Commissions Market Inquiry into Personal Banking Services.
16/05/2024 12:00:00 AM(2024) April - May Regulatory Update
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the depositor compensation scheme regulations consultation (“the Consultation”).
10/05/2024 12:00:00 AM(2024) Reserve Bank of New Zealand Depositor Compensation Scheme Regulations Consultation
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The Financial Services Federation (“FSF”) is grateful to the Office of the Privacy Commissioner (“the OPC”) for the opportunity to respond on behalf of our members to the exposure draft of the Biometric Processing Code of Practice and accompanying consultation document (“the Consultation”).
8/05/2024 12:00:00 AM(2024) Office of the Privacy Commissioner Biometric Processing Code of Practice submission
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FinCap is the national peak body which offers support to all local, free financial capability and budget advisory services in New Zealand. FinCap provide the resources required for those services to help their clients safely and confidentially. These resources include training, operational support, Client Management System hosting, quality assurance/standards setting, advocacy, and communities of practice. FinCap also acts as the voice of the financial capability and budgeting sector.
6/05/2024 12:00:00 AMFSF & FinCap Memorandum of Understanding (MoU)
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Motor Fax for March 2024
23/04/2024 12:00:00 AMMotor Fax March 2024
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The Financial Services Federation (FSF) is grateful to the Commerce Commission (ComCom or the Commission) for the opportunity to respond to its draft report on the market study into personal banking services (draft report).
18/04/2024 12:00:00 AM(2024) Commerce Commission's Personal Banking Services Market Study Submission
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The March - April Regulatory update includes information on the recently released Commerce Commission Market Inquiry into Personal Banking Services as well as other minor updates. Meanwhile we are still monitoring the review of the Credit Contracts and Consumer Finance Act and working on a response to the market study as well as the RBNZ’s consultation on the Depositor Compensation Scheme Regulations. All updates are now highlighted in grey in the body of the update.
5/04/2024 12:00:00 AM(2024) March - April Regulatory Update
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“RBNZ”) for the opportunity to respond on behalf of our members to the consultation on enhancing the efficiency of macroprudential policy: activating debt-to-income ratios (DTIs) and loosening loan value ratios (LVRs) (“the Consultation”).
12/03/2024 12:00:00 AM(2024) Reserve Bank of New Zealand Activating DTI’s and Loosening LVRs submission
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Motor Fax for January 2024
5/03/2024 12:00:00 AMMotor Fax Jan 2024
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The Financial Services Federation (“FSF”) is grateful to the Financial Markets Authority (“the FMA”) for the opportunity to respond on behalf of our members to the fair outcomes for consumers and markets consultation draft (“the Guide”).
1/03/2024 12:00:00 AM(2024) Financial Markets Authority's Fair Outcomes Submission
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Motor Fax for February 2024
1/03/2024 12:00:00 AMMotor Fax February 2024
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Our latest Regulatory Update includes details of the Biometrics Code of Practice and the current review of the Credit Contracts and Consumer Finance Act including the currents options being considered by the Minister. We are still monitoring the Commerce Commissions inquiry into personal banking services and working on a response to the Financial Market Authorities consultation on Fair Outcomes for Consumers and Markets. All updates are highlighted in grey in the body of the update.
15/02/2024 12:00:00 AM(2024) January - February Regulatory Update
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the omnibus consultation on the Insurance (Prudential Supervision) Act (“IPSA”).
12/12/2023 12:00:00 AM(2023) Reserve Bank of New Zealand IPSA Review Omnibus submission
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Motor Fax for December 2023
1/12/2023 12:00:00 AMMotor Fax December 2023
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the consultation on the proposed second amendment of the Interim Solvency Standard (“the ISS”).
8/11/2023 12:00:00 AM(2023) Reserve Bank of New Zealand Interim Solvency Standard submission
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October 2023 Regulatory Update
6/11/2023 12:00:00 AMOctober 2023 Regulatory Update
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Motor Fax for November 2023
1/11/2023 12:00:00 AMMotor Fax November 2023
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the depositor compensation scheme regulations consultation (“the Consultation”).
(2024) Reserve Bank of New Zealand Depositor Compensation Scheme Regulations Consultation10/05/2024 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Office of the Privacy Commissioner (“the OPC”) for the opportunity to respond on behalf of our members to the exposure draft of the Biometric Processing Code of Practice and accompanying consultation document (“the Consultation”).
(2024) Office of the Privacy Commissioner Biometric Processing Code of Practice submission8/05/2024 12:00:00 AM
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The Financial Services Federation (FSF) is grateful to the Commerce Commission (ComCom or the Commission) for the opportunity to respond to its draft report on the market study into personal banking services (draft report).
(2024) Commerce Commission's Personal Banking Services Market Study Submission18/04/2024 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“RBNZ”) for the opportunity to respond on behalf of our members to the consultation on enhancing the efficiency of macroprudential policy: activating debt-to-income ratios (DTIs) and loosening loan value ratios (LVRs) (“the Consultation”).
(2024) Reserve Bank of New Zealand Activating DTI’s and Loosening LVRs submission12/03/2024 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Financial Markets Authority (“the FMA”) for the opportunity to respond on behalf of our members to the fair outcomes for consumers and markets consultation draft (“the Guide”).
(2024) Financial Markets Authority's Fair Outcomes Submission1/03/2024 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the omnibus consultation on the Insurance (Prudential Supervision) Act (“IPSA”).
(2023) Reserve Bank of New Zealand IPSA Review Omnibus submission12/12/2023 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“the RBNZ”) for the opportunity to respond on behalf of our members to the consultation on the proposed second amendment of the Interim Solvency Standard (“the ISS”).
(2023) Reserve Bank of New Zealand Interim Solvency Standard submission8/11/2023 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“RBNZ”) for the opportunity to respond on behalf of our members to the consultation on the Levy Framework for the Depositor Compensation Scheme (“the Consultation”).
(2023) Deposit Takers Act Levy Framework submission25/09/2023 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Reserve Bank of New Zealand (“RBNZ”) for the opportunity to respond on behalf of our members to the consultation on the Proportionality Framework for Developing Standards under the Deposit Takers Act (“the Consultation”). By way of background,
(2023) Deposit Takers Act Proportionality Framework submission25/09/2023 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Treasury for the opportunity to respond on behalf of our members to the consultation on the Statement of Funding Approach (SoFA) for the Depositor Compensation Scheme (“the Consultation”).
(2023) Statement of Funding Approach for the Depositor Compensation Scheme submission25/09/2023 12:00:00 AM
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The Financial Services Federation (FSF) is grateful to the Commerce Commission (ComCom or the Commission) for the opportunity to respond to its Preliminary Issues paper (the Paper) on the market study into personal banking services.
(2023) Commerce Commission Inquiry into Personal Banking Services submission7/09/2023 12:00:00 AM
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The Financial Services Federation (“FSF”) is grateful to the Office of the Privacy Commissioner (“OPC”) for the opportunity to respond on behalf of our members to the consultation on the proposed Code of Practice for Biometrics (“the Consultation”).
(2023) OPC Potential Code of Biometrics submission25/08/2023 12:00:00 AM
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Submission on the Customer and Product Data Bill
(2023) Consumer Data Right Legislation submission24/07/2023 12:00:00 AM
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Submission on the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill
(2023) Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill submission14/07/2023 12:00:00 AM
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Submission on the RBNZ Cyber Data Collection Proposals
(2023) RBNZ Cyber Data Collection Proposal submission3/07/2023 12:00:00 AM
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Submission on the RBNZ Guidance on Climate Related Risks
(2023) RBNZ Guidance on Climate Related Risks submission7/06/2023 12:00:00 AM
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Submission on the Land Transport (Road Safety) Amendment Bill
(2023) Land Transport (Road Safety) Amendment Bill submission2/06/2023 12:00:00 AM
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Submission on the AML/CFT ‘Early’ Regulatory Package Exposure Draft
(2023) AML/CFT ‘Early’ Regulatory Package Exposure Draft submission14/04/2023 12:00:00 AM
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Submission on draft CoFI Guidance Note on Intermediated Distribution
(2023) Conduct of Financial Institutions (CoFI) Guidance Note: Intermediated Distribution submission14/04/2023 12:00:00 AM
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Submission on the IRD's proposed Debt to Government Framework
(2023) Proposed Debt to Government Framework submission6/04/2023 12:00:00 AM