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Financial services regulationFinancial services regulation

Practical, well-informed, timely advice across the full range of financial regulation

We are the market leaders in developing pragmatic and robust solutions to help businesses meet their regulatory compliance obligations.  We have an in-depth knowledge of financial services and products built up over many years of working with clients across all areas of the industry.

We have a real focus on making the legislation “work” within our clients’ business realities, and have wide experience with assisting large financial service providers to address the requirements of new legislation across a large customer base.

The sector is currently undergoing significant legislative and regulatory change.  Chapman Tripp engages in the policy reform process closely, working with officials and stakeholders to secure the best law possible, and is highly regarded for our ability to help businesses adjust to new regulatory requirements as they are imposed.

Intelligent teamwork across the full spectrum of related specialist legal services, including complex consumer and financial services litigation, enables us to meet client needs effectively and cost-efficiently.

We have advised

  • a range of clients, including working with Government officials, on the Financial Markets Conduct Bill and associated regulations and more recently, the Financial Markets Conduct Act; a fundamental rewrite of our core securities law legislation
  • on the full range of legislation affecting financial service providers, including the Financial Advisers Act (FAA), and Financial Service Providers (Registration and Dispute Resolution) Act (FSPA), anti-money laundering laws, and insurer prudential supervision laws
  • on cross-border securities law compliance, including on the trans-Tasman mutual recognition of securities offerings regime, obtaining futures dealing authorisations for fund and investment managers and the impact of new financial services laws on offshore providers
  • on anti-money laundering compliance and legislation, under the Financial Transactions Reporting Act and the Anti-Money Laundering and Countering Financing of Terrorism Act
  • on the licensing and authorisation of futures dealers by the Financial Markets Authority under the Securities Markets Act, and trustees and statutory supervisors under the Securities Trustees and Statutory Supervisors Act
  • on banking litigation including loan and lender liability; defending claims made by the Securities Commission (now the Financial Markets Authority), NZ Markets Disciplinary Tribunal, and by consumers; and regulatory investigations by the Commerce Commission relevant to financial products
  • successfully advising a major fund manager on its response to threatened enforcement of the Financial Advisers Act by the FMA, related to the activities of its advisors. Following our advice, the threat of possible enforcement action was removed
  • on numerous applications to, and negotiations with, the Financial Markets Authority, Takeovers Panel, NZX, and Companies Office
  • on the impact of relevant offshore legislation, including FATCA
  • on the offering of private portfolios to investors, including the requirements of the FAA and the FSPA, and the requirements of the Code of Conduct for Authorised Financial Advisers
  • on the prudential supervision requirements affecting registered banks, non-bank deposit takers and insurers under the Insurance (Prudential Supervision) Act

Initial contacts