Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Governance Guidelines for Licensed Insurers
The Reserve Bank of New Zealand issued these guidelines to establish minimum governance requirements for licensed insurers under the Insurance (Prudential Supervision) Act 2010. The document mandates sound corporate governance structures, including appropriate ownership, independent director composition, and specific board committees such as audit and risk management. Insurers must achieve full compliance with these standards by September 2013 to maintain their licensing status.
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