The potential loss of EU authorisation will affect the ability of UK and Gibraltar-based insurance undertakings to continue performing certain obligations for EU policyholders (and vice versa) and will impact the service continuity of contracts concluded before the UK leaves the EU.
1 ____________ 1  Reserve Bank of New Zealand Act 2021 (as at 01 July 2022) https://www.legislation.govt.nz/act/public/2021/0031/latest/whole.html#LMS286978  ENDORSEMENT UNCLASSIFIED  UNCLASSIFIED  This objective is framed within the purpose of our legislation, The Reserve Bank Act, which is to promote prosperity and wellbeing for everyone in Aotearoa and contribute to a sustainable and productive economy.