Legal and regulatory update for the life and health insurance sector

Written By Kelly O

12 Jul 2023 - The FMA have released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders. The new licence condition will focus on business continuity and technology systems. Consultation closes 1 September 2023. https://www.fma.govt.nz/news/all-releases/media-releases/ma-consultation-operational-and-cyber-resilience/

13 Jul 2023 - Chapter Zero New Zealand produce their first impact report https://www.chapterzero.nz/news/creating-an-impact-for-climate-governance/

13 Jul 2023 - The Financial Regulator Assessment Authority (FRAA) review report of APRA has made five recommendations aimed at strengthening risk identification in the superannuation industry, continued development of capabilities and expertise of APRA’s people, investment in data and technology, enhancing transparency to maximise the impact of APRA’s outcomes, and lifting recovery planning and resolution readiness. https://www.apra.gov.au/news-and-publications/apra-welcomes-release-of-fraa-report

Kelly O
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