The Financial Services Federation (FSF) is a finance industry association with a voluntary membership including finance and leasing companies and building societies operating across New Zealand.
The FSF provides its members with a voice in dealing with Government and a channel for Government to use in consulting and working with the industry. In this way, the FSF gives value to its membership and saves them costs in doing business.
The FSF aims to serve the best interests of members and to encourage a business environment with minimum regulation. It does this by providing:
- An interface between members and Government including Ministers and agencies.
- A constructive dialogue with private sector organisations.
- A forum with and between members.
Some regulatory issues with which the FSF is involved on behalf of members include:
- Securities Act & Regulation
- Credit Contracts & Consumer Finance Act
- Motor Vehicle Sales Act
- Insolvency Law
- Taxation Issues - GST, FBT etc.
- Financial Transaction Reporting
- Review of financial products and providers
- Anti-money laundering and terrorist financing financial transaction reporting
Members agree to a Code of Conduct .
The FSF has Rules under which it operates.