Task Force on the Regulation of Financial Intermediaries

The Task Force on the Regulation of Financial Intermediaries was an independent Task Force appointed by the Minister of Commerce to review the regulation of financial intermediaries. These web pages were developed by the Task Force and do not necessarily reflect the opinions of the Ministry of Economic Development.

The Role of the Task Force and Your Involvement

The Minister of Commerce (then the Hon Margaret Wilson) appointed the Task Force to consider and report on the regulation of financial intermediaries. The Task Force's terms of reference required it to consider options for reform that would (1) ensure quality financial information and advice is provided to the public and (2) assist New Zealanders to make the most of their savings.

If you have any questions about the Task Force, email financialadvisers@med.govt.nz or call 0508 TASKFORCE (0508 827 536).

Final Report

The Task Force's final report, Confidence, Change and Opportunity, was released on 4 August 2005

• Confidence, Change and Opportunity: Final Report of the Task Force on Financial Intermediaries
• Questions and Answers: Disclosure Obligations for Financial Intermediaries
• Media Statements:
  • Task Force Recommends Changes for Financial Advisers and Marketers - Task Force Media Statement
  • Financial Intermediaries Taskforce Report Welcomed - Media Statement from Hon Pete Hodgson, Minister of Commerce

General Information

• Task Force Members
• The Review Process and Timing
• Questions and Answers
• Contact the Task Force

Full List of the Task Force's Documents

• Submissions: Submissions on the Consultation Paper: Options for Change (released 8 August 2005)
• Questions and Answers: Disclosure Obligations for Financial Intermediaries (4 August 2005)
• Media Statements (4 August 2005):
  • Task Force Recommends Changes for Financial Advisers and Marketers - Task Force Media Statement
  • Financial Intermediaries Taskforce Report Welcomed - Media Statement from Hon Pete Hodgson, Minister of Commerce
• Confidence, Change and Opportunity: Final Report of the Task Force on Financial Intermediaries (July 2005)
• Submissions: Summary of Responses to Consultation Paper: Options for Change (4 July 2005)
• Media Statement: Task Force Welcomes Submissions on Options for Change (4 July 2005)
• Background Papers (27 May 2005):
  • Comparative International Review (May 2005)
  • Key Features of the New Zealand Financial Intermediary Industry (February 2005)
• Consultation Paper – Options for Change (23 May 2005)
  • Questions Response Form
  • Schedule of Consultation Meetings
• Background Paper: Overview of Domestic Regulation (23 May 2005)
• Media Statement: Task Force Releases Paper on Options for Change for Consultation (23 May 2005)
• Submissions: Submissions on the Initial Issues Paper (released 18 April 2005)
• Submissions (31 March 2005):
  • Summary of Responses to Initial Questionnaire
  • Summary of Responses to the Initial Issues Paper - Identified Key Issues
• Media Statement: Task Force Pleased with Responses (11 March 2005)
• Background Paper: Overview of Relevant Domestic Law (24 December 2004) [This paper was updated in May 2005 by the Overview of Domestic Regulation]
• Your Views: Initial Questionnaire (21 December 2004)
• Initial Issues Paper (21 December 2004)
• Media Statement: Task Force Looking at Financial Intermediaries Asks New Zealanders to Tell Their Experiences (21 December 2004)
• Media Statement: Task Force to Look at Financial Intermediaries Takes Its First Steps (30 November 2004)
• Terms of Reference (3 September 2004)

See Also

• Financial Markets Regulation: Review of the Securities Act and Other Issues