Exposure draft of the Insurance (Prudential Supervision) Amendment Bill
The Reserve Bank has released draft legislation to modernise New Zealand's prudential framework for insurers and align it more closely with current domestic and international regulatory practice.
- Closing date
- 28 August 2026
- Added to Civics
- 13 July 2026
- Source category
- Other public body
- Source body
- Reserve Bank of New Zealand
- Last checked
- 13 July 2026
Closes in 45 days
Plain-English summary
The Reserve Bank has released an exposure draft of legislation intended to modernise the prudential framework for insurers and bring it closer to current domestic and international regulatory practice.
Feedback is sought on whether the provisions are workable, accurately implement the agreed policy and could cause unintended consequences. The closing date shown here reflects the Reserve Bank's extension to 28 August 2026.
Why it matters
The amendment would shape how insurers are licensed, governed and supervised and how prudential risks are managed.
Testing the draft before introduction can identify legal or operational problems while changes are still possible.
Who may care
- Insurers, insurance professionals and financial-sector advisers
- Policyholders, consumer advocates and organisations concerned with financial stability
How to make a submission
- Review the exposure draft and consultation paper on the official page.
- Send feedback to ipsareview@rbnz.govt.nz before 5pm on the closing date.
Disclaimer
Civics.nz is an independent plain-English guide and is not an official government website. Always check the official source before making a submission.