Regulatory Alerts2026-07-01
Added · Updated
Credit transfer creates single conduct regulator for financial markets
The Financial Markets Authority assumes regulatory responsibility for the consumer credit sector from the Commerce Commission under the Credit Contracts and Consumer Finance Amendment Act 2026. This transfer establishes a single conduct regulator for financial markets in New Zealand, centralizing oversight to deliver clearer rules and enhanced tools for lenders and consumers. The FMA will initially focus on lending practices, remuneration structures, and complaints handling to ensure responsible lending and fair treatment.