MBIE
We are grateful for MBIE’s continued engagement on the Financial Markets (Conduct of
Financial Institutions) Act 2022 Act (Act) and relevant regulations. We have three recommendations that we consider will assist in ensuring the regulations are understood, function as intended in alignment with Cabinet’s articulated policy position and do not exacerbate the issue of an uneven playing field which already exists between financial institutions caught by the regime and those who are not (including, non-bank non-deposit taking lenders).