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New Zealand gov t agrees to establish consumer data right - World News

2021-07-06 03:35:24 GMT2021-07-06 11:35:24(Beijing Time) Xinhua English WELLINGTON, July 6 (Xinhua) The New Zealand government has agreed to establish a Consumer Data Right (CDR) framework, giving consumers more control over their personal information. A CDR is a mechanism that requires data holders, such as banks and electricity retailers, to safely and securely share data with third parties, such as fintech companies, following consent from the customer. This means New Zealanders gain access to a wider range of products and services that better meet their needs, Commerce and Consumer Affairs Minister David Clark said on Tuesday. Consumers should be in the driver s seat when it comes to how their personal information is used by third parties, Clark said in a statement.

Consumer data right framework to be established

Consumer data right framework to be established “Consumers should be in the driver’s seat when it comes to how their personal information is used by third parties,” David Clark said. Devdiscourse News Desk | Wellington | Updated: 06-07-2021 09:53 IST | Created: 06-07-2021 09:53 IST The Government aims to make the second round of detailed policy decisions on the consumer data right framework later in 2021 and will look to introduce legislation in 2022. Image Credit: Wikimedia commons Country: SHARE The Government has agreed to establish a consumer data right framework for New Zealand, Commerce and Consumer Affairs Minister David Clark announced today. Consumers should be in the driver s seat when it comes to how their personal information is used by third parties, David Clark said.

New stock exchange to help grow New Zealand s small businesses - World News

2021-06-10 11:35:21 GMT2021-06-10 19:35:21(Beijing Time) Xinhua English WELLINGTON, June 10 (Xinhua) A new share trading market, designed as a gateway to the NZX for small- and medium-sized enterprises (SMEs), has been granted a license by the New Zealand government on Thursday. Commerce and Consumer Affairs Minister David Clark said Catalist Markets Ltd will provide a simpler and more affordable stepping stone for SMEs to raise capital. The Catalist market will open for trading on June 21. This is a big win for kiwi businesses and it ties in well with the government s focus on securing an economic recovery in the wake of COVID-19. Through Catalist, SMEs looking to grow into larger enterprises have a new means of getting there, Clark said.

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