ASIA-PACIFIC
New Zealand The Extent of Existing Regulation New Zealand generated $276 million in alternative finance volume, reporting the 7th highest contribution in the Asia-Pacific region (2017 : 5th) and 22nd highest globally (2017 : 14th). P2P Consumer Lending comprised the majority of the total volume, accounting for 80.5% ($222.2 million), followed by Donationbased Crowdfunding (5%, $13.8 million). More specifically, the total business funding was $38.5 million, and the volume derived from institutional investor was $76.3 million (28%).
Debt & Equity My platform is authorized in my jurisdiction
Regulatory Authorisation is not required for my business activities
91% 9%
OVERVIEW OF REGULATORY CHANGES 91% of respondents reported that they were authorised to operate in their jurisdiction and 91% of the platforms responded that the current regulation was adequate and appropriate. 9% of the platforms, however, did respond that the current regulation was excessive and too strict. This may be because authorities in New Zealand have significantly restricted the entry of intermediaries into the market to prevent oversaturation, compared to the close counterpart of Australia.
Perception towards Existing Regulation from Debt & Equity Models 9%
91%
Adequate and appropriate for my platform activities Excessive and too strict for my platform activities
Changes in Business models (%)
Changes in products and services (%)
Alternative Finance Market Volumes 2015-2018 (USD Millions) 268
262
276
223 e significantly altered our W business model in 2018 We made no significant changes to our business model in 2018 2015
2016
2017
2018
We introduced significantly new products and services in 2018 We slightly altered products and services in 2018 We made no significant changes to our products and services in 2018