Legal and regulatory update for the life and health insurance sector
4 Cct 2023 - FMA #9: Ethical Investing – World Investor Week special with Paul Gregory https://www.fma.govt.nz/library/podcast/5-mins-with-fma-podcast-9-ethical-investing-world-investor-week-special/
9 Oct 2023 - The ASIC Annual Forum is on 21–22 November 2023 in Melbourne. Early bird tickets are available now. https://asic.gov.au/about-asic/news-centre/news-items/asic-annual-forum-2023-last-chance-for-early-bird-pricing/
10 Oct 2023 - The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees on the revocation of superannuation standards. https://www.apra.gov.au/news-and-publications/apra-releases-letter-on-revocation-of-superannuation-standards-0
10 Oct 2023 - ASIC has made ASIC Corporations (Financial Reporting by Stapled Entities) Instrument 2023/673. The instrument continues the relief previously provided under ASIC Class Order [CO 13/1050] Financial reporting by stapled entities, which was subject to sunsetting on 1 October 2023. https://asic.gov.au/about-asic/news-centre/news-items/asic-remakes-financial-reporting-legislative-instrument/
10 Oct 2023 - ASIC has made ASIC Credit (Amendment) Instrument 2023/675, which extends the operation of ASIC Credit (Electronic Precontractual Disclosure) Instrument 2020/835 for a temporary period of 12 months until 1 October 2024, pending law reform. https://asic.gov.au/about-asic/news-centre/news-items/asic-extends-electronic-precontractual-disclosure-legislative-instrument/
10 Oct 2023 - Minister of Finance, Hon Grant Robertson, September 2023 diary released with no potential financial services sector related meetings noted. https://www.beehive.govt.nz/sites/default/files/2023-10/Ministerial%20Diary%20September%202023.pdf
10 Oct 2023 - The Quarterly Statement by the Council of Financial Regulators – October 2023 has been released. The Council discussed the current regulatory approach to protecting New Zealanders from financial scams, the regulatory approach to the credit unions and building societies sector, the Council’s coordinated approach to improving financial inclusion, and how the Council could better achieve and measure success in terms of its legislative mandate and the principles of good regulatory stewardship. https://www.cofr.govt.nz/news-and-publications/quarterly-statement-by-cofr-october-2023.html
11 Oct 2023 - The Australian Prudential Regulation Authority (APRA) has published four new updated frequently asked questions (FAQs) on the Australian Accounting Standards Board (AASB17) collections. https://www.apra.gov.au/news-and-publications/apra-publishes-aasb17-updates-to-insurance-frequently-asked-questions
12 Oct 2023 - The Reserve Bank of New Zealand published its Annual Report covering the year from 1 July 2022 to 30 June 2023. https://www.rbnz.govt.nz/hub/news/2023/10/rbnz-releases-annual-report-2023