Fintech—New Zealand—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—New Zealand—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—New Zealand—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in New Zealand published as part of the Lexology Getting the Deal Through series by Law Business Research (published: August 2020).

Authors: Anderson Lloyd Lawyers—Derek Roth-Biester; Megan Pearce

1. What is the general state of fintech innovation in your jurisdiction?

Fintech in New Zealand is in a very healthy state, driven largely by the country’s strong start-up ecosystem, a broad base of industry participants and a push from both the government and industry to develop a stronger technology export sector. The industry association FinTechNZ acts as a focal point for the fintech community in New Zealand, connecting banks, insurers and managers with investors, innovators and regulators and promoting NZ fintech to the world. This promotion is made easier because of New Zealand’s excellent international reputation for being a good place to do business and for having:

  1. a strong financial system;

  2. low corruption; and

  3. open and approachable regulators.

2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?

Government departments (eg, the Ministry of Business and Innovation) and regulators (eg, the Financial Markets Authority) have demonstrated their strong support for NZ fintech through proactively engaging with industry participants and associations, such as FinTechNZ and its FinTech Regulatory Roundtable.

New Zealand's Innovation Fund, an initiative set up

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