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Financial Markets (Conduct of Institutions) Amendment (Duty to Provide Financial Services) Amendment Bill

Member's Bill
Published date: 28 May 2025

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill amends the Financial Markets (Conduct of Institutions) Amendment Act 2022 to place a new duty on financial institutions to provide financial services to customers except in situations based on law or for valid and verifiable commercial grounds.
person
MP in charge
Andy Foster
groups
Committee
Finance and Expenditure
confirmation_number Bill No.125-1
account_balance54Parliament
description

Read the bill

Link to NZ Legislation website

Progress of the Bill

  • 2
    Second Reading
  • Committee of Whole House
  • 3
    Third Reading
  • Royal Assent
groups Finance and Expenditure
20 May 2025 - Current
today

Report due on 20 Nov 2025

today

Submission due on 03 Jul 2025

info_outline
Select Committee

The select committee gathers information and prepares a report on the bill for the House, including recommending changes to the bill.

Resources

  • Member(s) in charge: Andy Foster
    Type of Bill: Member's
    Parliament: 54
    Bill no: 125-1
    Introduction: 19 Feb 2025
    First reading agreed: 21 May 2025
    Referred to: Finance and Expenditure
    Submissions due: 03 Jul 2025