The Big Picture: Financial Markets - are you prepared for a conduct regulation regime?

Thursday 5 March 2020

Author: Blair Keown

​​​​Financial institutions will remain in the spotlight this year, following the first concrete indication of wide-ranging legislative reforms to the regulation of their conduct. 

The Financial Markets (Conduct of Institutions) Amendment Bill, which received its first reading in Parliament on 12 February 2020, proposes a new conduct regulation regime that will affect banks, insurers, non-bank deposit takers and intermediaries.​

The Bill highlights a number of new areas that will now be subject to regulatory scrutiny. As introduced, the bill proposes a far reaching set of new systems and controls requirements and flags the possibility of incentive compensation being subject to detailed regulatory restrictions. The legislation will not be the last word, regulations will play a significant part in detailing many aspects of the regime.​

We take a look at the key features of the proposed regime and highlight the practical issues worth considering. We are also in the process of preparing our submission on the Bill (submissions close on 26 March 2020). Please contact a member of our Conduct Regulation team if you would like to discuss our insights on the Bill or the content of your own submission.​

Click here​ to download the report, or read below. 



This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

For more information
  • Simon Ladd

    Partner Auckland
  • Jenny Stevens

    Partner Wellington
  • Blair Keown

    Partner Auckland
Related areas of expertise
  • Banking and finance
  • Banking and finance litigation
  • Litigation and dispute resolution
  • Insurance
  • Corporate governance and advisory
  • Financial services regulation