The Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) regulates New Zealand’s financial markets. We were established in 2011 as an Independent Crown Entity.
Our statutory duty is to promote and facilitate the development of fair, efficient, and transparent financial markets; and to promote the confident and informed participation of businesses, investors, and consumers in the financial markets.
Our functions include:
- Licensing of a range of firms and professionals to provide certain financial products and services.
- Supervision of the industry to ensure they comply with the law and prioritise fair outcomes for consumers and markets in their conduct.
- Investigation and enforcement activities that aim to hold to account those whose conduct harms the operation of our financial markets, raise standards of behaviour, and deter misconduct.
- Policy and guidelines that assists firms and professionals to set expectations and comply with the law. We keep under review the law and practices relating to financial markets and participants.
- Information and resources to help consumers make better investment and financial decisions.
- Environmental scanning to identify the most significant risks to and opportunities for promoting our priorities and delivering our functions.
In delivering our functions we work and engage closely with industry, consumers, the Government and other agencies.