Cygnus Law Blog

Financial adviser target-based incentives banned from 31 March 2025

3 February 2025

From 31 March 2025 the law will prevent financial advice providers* (“FAPs”) from providing most types of direct target-based incentives (based on volume or…

Bank Competition Report- Implications for Mortgage Brokers

27 August 2024

On 20 August 2024 the Commerce Commission unveiled its final report into competition in the personal banking services sector. The report’s unsurprising conclusion is…

Updated FMA guidance for custodians

31 July 2024

The Financial Markets Authority has released an updated guide on the obligations of client money or property service (“CMPS”) providers. The guide replaces the…

FMA’s Fair Outcomes Guide – Cygnus Law’s Submission

4 March 2024

The Financial Markets Authority (“FMA“) has released a proposed guide to “Fair outcomes for consumers and markets” (“guide“). The guide includes 7 “fair outcomes”.…

Coalition’s Financial Services Sector Policies

24 November 2023

The National, ACT and New Zealand First parties today confirmed their coalition agreements that will form the basis for a coalition of the three…

National Party proposes significant changes to financial law

17 August 2023

On 17 August 2023 at the Financial Services Council New Zealand conference National Party leader Christopher Luxon announced three significant policies relating to investments,…

New Guidance for Payment Providers and Merchants on Payment Fees

11 August 2023

The Commerce Commission (Commission) has continued to take steps to try to reduce the fees consumers pay for using some types of payment methods…

Significant changes to AML/CFT law coming into force between 2023 and 2025

10 July 2023

Significant changes to parts of New Zealand’s AML/CFT law under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (Act) have been confirmed.…

Financial Advice Service Disclosure Guide

8 October 2020

From 15 March 2021 New Zealand financial advice providers (FAPs) and their financial advisers have new disclosure obligations. Those obligations apply before they engage…

Subscribe to the Cygnus Law Blog

Subscribe to the Cygnus Law blog and receive notifications of new posts by email.