The Conduct of Financial Institutions (CoFI) Act amends the Financial Markets Conduct Act 2013 to ensure financial institutions treat consumers fairly. It’s been announced that the CoFI regime will go into force in March 2025, but New Zealand regulators are already starting to focus on how financial lenders, insurance brokers and non-bank deposit takers conduct business. These organisations will need to fall in line and prove that their business practices are compliant, and their Fair Conduct Programme is in place.
This checklist has been developed by our team of experts to provide you with guidance on your obligations required by the CoFI regime to ensure your business is meeting its requirements. Content is taken from the Financial Services for Retail Clients compliance register.
Fill out the form to download the checklist.
Lexis Nexis