Legal and regulatory update for the life and health insurance sector

8 Apr 2025 - Christian Hawkesby has been appointed as Governor of the Reserve Bank of New Zealand for a six-month term by the Minister of Finance, upon the recommendation of the RBNZ Board. https://www.rbnz.govt.nz/hub/news/2025/04/christian-hawkesby-appointed-as-governor-of-the-rbnz-for-6-months

9 Apr 2025 - A public appointment process has started for a new external member of the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) to replace Professor Bob Buckle when his term expires on 30 September 2025. https://www.rbnz.govt.nz/hub/news/2025/04/recruitment-of-new-external-member-to-the-monetary-policy-committee

10 Apr 2025 - Medicines Amendment Bill passes its first reading in Parliament and was referred to the Health Committee. https://www.beehive.govt.nz/release/medicines-amendment-bill-passes-first-reading

11 Apr 2025 - The FMA has filed a criminal charge against Auckland-based former financial adviser Prem Gounder for dishonestly using a document under section 228 of the Crimes Act 1961. https://www.fma.govt.nz/news/all-releases/media-releases/fma-files-criminal-charge-against-former-financial-adviser/