Legal and regulatory update for the life and health insurance sector

8 May 2023 - NZ Police Financial Intelligence Unit released “The Suspicious Activity Report” for March 2023 https://www.police.govt.nz/sites/default/files/publications/fiu-monthly-report-mar2023.pdf

8 May 2023 - Privacy Commissioner Michael Webster gives inaugural Privacy Week Speech  https://privacy.org.nz/news/forums-and-seminars/privacy-week/privacy-week-2023/high-trust-but-lacks-maturity-the-state-of-privacy-in-new-zealand/

8 May 2023 - Privacy Commissioner calls for legislative changes to NZ's privacy law https://www.interest.co.nz/personal-finance/121104/privacy-commissioner-urges-government-tighten-privacy-laws-including

8 May 2023 - RBNZ seeks feedback on proposals for collecting financial entity related data to support cyber resilience, feedback closes 3 July 2023 https://www.rbnz.govt.nz/have-your-say/2023/cyber-resilience-data-collection

10 May 2023 - The FMA has censured Aurora Financial Group Limited (Aurora Financial) for misleading existing and potential clients about KiwiSaver returns https://financialmarketsauthority.cmail20.com/t/r-l-ttjylrkd-btuitpxk-y/