Financial Regulation

Our experience includes advising:

• banks and insurers on compliance with capital adequacy frameworks and solvency standards;
• NZBA on the application of the Australian Banking Executive Accountability Regime to New Zealand banks;
• NZBA on the Reserve Bank of New Zealand's dashboard approach to quarterly disclosure;
• Kiwibank on regulatory issues arising out of a change in its shareholders;
• CBA on the regulatory issues arising out of its sale of Sovereign (a licensed insurer);
• ANZ on the regulatory issues arising out of its sale of UDC Finance (a licensed non-bank deposit taker); and
• non-bank deposit takers on licensing applications under the Non-Bank Deposit Takers Act.

Our experience includes:

• advising issuers, including listed and unlisted fund managers, on ongoing disclosure obligations under the Financial Markets Conduct Act and NZX listing rules;
• assisting banks and fund managers to obtain discretionary investment management services licences;
• acting for companies subject to investigation and enforcement action by the FMA and NZX;
• advising clients on dealing with requests for information and attending interviews with regulators; and
• advising clients on the transitional and full licencing requirements in the Financial Markets Conduct Act pursuant to the new financial advisers regime.
   

Our experience includes advising:

• custodians and brokers on their custodial obligations and duties;
• New Zealand and overseas fund managers on the provision of retail and wholesale financial services in New Zealand; and
• New Zealand banks, fund managers and issuers on authorised financial advisers' and qualifying financial entities' obligations and duties; and
• New Zealand banks, fund managers and issuers on the changes to the regulation of financial advisers under the new financial advisers regime.

Our experience includes:

• obtaining conditional waivers from the Reserve Bank of New Zealand for bank clients in respect of customer due diligence (CDD) obligations for quoted debt issues;
• advising NZBA on proposed exemptions in respect of CDD obligations for quoted debt issues;
• leading initiatives seeking to obtain class exemptions across a range of industries including the banking, listed unit trust and energy sectors;
• acting for clients subject to investigations for alleged breaches of AML/CFT and sanctions legislation; and
• assisting clients with remediation and reporting issues arising out of AML/CFT audits.

Our experience includes:

• advising on all aspects of compliance with the credit contracts and consumer finance regime, including disclosure statements; and
• acting for creditors in investigations and enforcement proceedings.

Our experience includes:

• acting for companies subject to investigation and enforcement action by New Zealand and offshore regulators;
• advising clients on complying with requests for information, search orders and "dawn raids";
• assisting clients attending interviews with regulators; and
• conducting internal investigations.