Legal and regulatory update for the life and health insurance sector

22 Feb 2024 - The Commerce Commission has issued an Open Letter to participants of New Zealand’s retail payment system setting its expectations of the industry to deliver a more competitive environment that can give Kiwis new options to pay for goods and services. https://comcom.govt.nz/news-and-media/media-releases/2024/comcom-calls-for-banks-to-pick-up-the-pace-on-payment-options

22 Feb 2024 - Assistant Governor/General Manager Transformation, Innovation, People and Culture Juliet Tainui-Hernandez has resigned. She will be leaving RBNZ at the end of April 2024. https://www.rbnz.govt.nz/hub/news/2024/changes-to-rbnz-executive-leadership-team

26 Feb 2024 - The Commerce Commission has released an updated Cartel Leniency and Immunity Policy and Template Leniency Agreement which removes the option for a person to seek criminal immunity and/or civil leniency for a ‘naked’ cartel attempt. https://www.bellgully.com/insights/commerce-commission-updates-cartel-leniency-and-immunity-policy/