Regulatory Alerts2022-05-17
Terms of Reference for the Review of the Insurance (Prudential Supervision) Act 2010
The Reserve Bank of New Zealand issued these terms of reference to conduct a comprehensive review of the Insurance (Prudential Supervision) Act 2010 during 2016 and 2017. The review aims to assess the Act's performance in promoting sector soundness and efficiency, ensuring cost-effective supervision, and aligning with international guidance while maintaining current legislative purposes. The process involves stakeholder consultation through Issues and Options Papers, with potential legislative changes proposed to Parliament in 2018.
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