Designations

 

Under the Financial Markets Conduct Act (FMC Act), we have wide powers to make designations that change the way products or services are regulated. Our two designation powers are:

  • the power to change how a product is categorised under the FMC Act 
  • the power to remove a statutory exemption or exclusion.

Businesses can apply for a designation to be made in respect of financial products, providing reasons why they believe a designation is justified.

While no designations have been made under the FMC Act yet, we are aware market participants operating under the FMC Act regime face a number of issues. We are currently considering a number of designations so please see our Consultation section for more information.

About designations

How to apply

Find out what to include in your designation application and how how long it will take.