Regulatory Alerts2022-05-17
Foreign Business Consultation July 2015
The Reserve Bank of New Zealand is consulting on a proposal to collect additional data on foreign insurance business from NZ incorporated insurers. This supplementary annual return, due four months after the financial year end, will apply to insurers whose foreign business constitutes 10% or more of their total business and is at least $10 million in gross insurance revenue or liabilities, requiring geographic and class breakdowns. The initiative aims to enhance supervision and fulfill international obligations, with submissions on the proposal due by July 31, 2015.
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