Regulation and supervision Statements of approaches Statement of policy-making approach

Statement of policy-making approach

The purpose of the Statement of policy-making approach is to set out an accessible up-to-date summary of the Reserve Bank's regulatory policy-making processes.

This includes:

  • consultation;
  • regulatory impact analysis;
  • timelines;
  • and the principles that inform the Reserve Bank’s approach.

View the Statement of policy-making approach (PDF 223KB)

 

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Regulatory news & updates

Mar 2020 AML-CFT

The AML/CFT Supervisors have published urgent guidance related to verifying a person’s identity during COVID-19 Level 4. Please find this guidance below.

Feb 2020 Insurance

The Reserve Bank of New Zealand is satisfied that OnePath Life (NZ) Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (‘the Act’). At the request of OnePath Life (NZ) Limited, the licence issued to it on 7 May 2013 under section 19 of the Act was cancelled on 31 January 2020 pursuant to section 30(1) of the Act.

Feb 2020 Insurance

The Reserve Bank of New Zealand is satisfied that Youi NZ Pty Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (‘the Act’). At the request of Youi NZ Pty Limited, the licence issued to it on 28 July 2014 under section 19 of the Act was cancelled on 1 February 2020 pursuant to section 30(1) of the Act.

Jan 2020 NBDTs

Non-bank Deposit Taker licence cancelled
At the request of UDC Finance Limited, The Reserve Bank has cancelled UDC’s Non-bank Deposit Takers licence on 15 January 2020, under section 21(h) of the Non-bank Deposit Takers Act 2013.

Dec 2019 FMI

Summary of submissions on the exposure draft of the FMI Bill published and FMI Bill introduced into parliament.

Go to Financial Market Infrastructures regulatory developments page