Introduced on Dec 11, 2019. The Bill amends to the Financial Markets Conduct Act to create a new regulatory regime for financial institutions and their intermediaries with a principle of fair conduct and associated duties and regulations. First reading on Feb 12 with National and ACT opposed. National MPs said the Bill was overly complex and gave too much regulatory powers to ministers to deal with what was only a perceived problem. They also said provisions removing financial incentives for sales went to far. Sent to the Finance and Expenditure Committee. Reported back  on Aug 7 2020 with minor amendments. Second reading on May 22, 2022. Committee stage completed on June 21 and third reading on June 28 with National and Act opposed.

 Financial Markets (Conduct of Institutions) Amendment Bill