Nick Summerfield



Partner


nick.summerfield@ah.co.nz

+64 9 984 4234

+64 21 242 7686

Auckland

Nick is a financial services expert with more than 20 years experience, and leads Anthony Harper’s financial service practice. He works in all areas across the sector including investment funds (including KiwiSaver), insurance (both regulatory and claims matters), capital markets, financial advice laws, and provider financial services regulation. He also advises on the Takeovers Code, NZX Listing Rule compliance, and on dealings with regulators. Nick is actively involved in law reform, and advises clients on contemporary issues including conduct and culture, and climate change.

He is ranked by Legal 500 as a leading individual, and recognised by both Chamber & Partners and Best Lawyer. Nick brings an international perspective to his role, having practiced in Australia and the United Kingdom.

Nick’s clients describe him as “an excellent operator” who delivers “strategic, pragmatic and timely advice,” and regard him as a trusted adviser who takes the time to understand their business. In addition, Nick is cited as “one of those rare lawyers who is both easy to understand and practical.”


Key Transactions

Advised:

  • A major insurer, and a number of fund managers, on conduct and culture issues, including assisting with formal responses to the FMA and RBNZ.
  • Funds managers of all sizes on new fund offerings, and significant matters affecting existing funds.
  • Financial advisers, financial adviser groups, and others on compliance with financial advice laws, including business structuring, disclosure matters, conduct, and law reform.
  • Offshore financial service providers on New Zealand law, including working with a large number of Australian issuers and their advisers on New Zealand offers.

Assisted:

  • Clients with formal and informal interactions with regulators (including the FMA, the RBNZ, the Takeovers Panel, APRA, and ASIC)
  • Various clients on licensing matters, including applying for new licences, and seeking variations of existing licences.


Directories

  • Asia Pacific Legal 500, Investment Funds, Leading Individual, 2021
  • Chambers and Partners, Financial Services, Ranked, 2021 and 2022


Credentials

Bachelor of Laws (LLB), (First Class Honours), Bachelor of Commerce (BCom), University of Canterbury


Admission to the Bar

New Zealand, 2002

England and Wales, 2008

New South Wales, 2014


Contributed Articles

  • The Government takes on the income protection insurance market

    Last week, Finance Minister Grant Robertson announced the Government’s proposal for a universal income insurance scheme. The “social insurance” would support New Zealanders who lose their job through no fault of their own, or need to stop (or reduce) work due to poor health or a disability. The scheme was jointly designed by the Government, […]

  • Climate change – reporting on a sleeper issue

    Earlier this week, the Government announced that mandatory climate-related financial disclosures will be introduced for large financial services entities. The announcement follows last year’s consultation on the issue, and makes New Zealand the first country in the world to mandate reporting on climate risks. This article provides an overview of the proposals, and our thoughts on […]

  • How not to advertise financial products

    Financial advertising is pretty depressing these days. A lot of it is helpful – banks proactively communicating hardship options, fund managers explaining market movements, advisers trying to help investors make the right decisions (or avoid bad ones). But some of it is a little more questionable. So – what are the legal rules, and how […]

  • “Social licence” in the financial services industry

    “Social licence” in the financial services industry – the Hon Grant Robertson speaks to Jack Tame at the Financial Services Council “Towards Wellbeing” Conference 2019 The financial services sector needs to look at its social licence, according to Finance Minister, the Hon Grant Robertson. Speaking at the Financial Services Council “Towards Wellbeing” conference, Hon Robertson said […]