Brokers & custodians

Brokers & custodians

Information about brokers under the Financial Advisers Act 2008 and custodians under the Financial Advisers (Custodians of FMCA Financial Products) Regulations 2014.

Who needs to comply

Find out who is a broker under the FA Act and who is a custodian under the custodian regulations.

Calendar

See upcoming events and key dates.

Registration

In you're providing a broking service (including a custodial service), you are required to be registered on the Financial Service Providers Register (FSPR).  

Your obligations

Find out what your obligations are under the FA Act and custodian regulations. Also read how we will monitor compliance.

Who is responsible for broker and custodian obligations

Find out who must comply with broker obligations under the FA Act and custodian obligations under the custodian regulations.

Breaches & offences

Breaches of broker or custodian obligations may lead to claims for compensation, action by the FMA or prosecution.

Exemptions

You may be able to obtain an exemption from compliance with broker and/or custodian obligations under the FA Act 2008.

Fair dealing

Read how the FMC Act provides for fair dealing about financial products and services and sets out minimum compliance standards of behaviour for people operating in the financial markets.

 

Latest News

Fraud and its far reaching effects hit the big screen

20 September 2016

The inaugural New Zealand International Fraud Film Festival (Fraud Film Festival) is coming to Auckland’s Q Theatre in November. The festival is timed to coincide with November’s Fraud Awareness Week and will open on Friday, 18 November.

FMA releases conduct guide for feedback

28 July 2016

FMA has released a guide to how it will examine whether financial services providers are demonstrating good conduct under the Financial Markets Conduct Act (FMC Act).

FMCA licensing hits the home straight

14 July 2016

Media ReleaseMR No.2016 - 2014 July 2016 The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game. Under the FMCA, fund managers, discretionary investment management service providers and derivatives issuers must meet new governance and capability standards before 1 December 2016. Most firms have now com...

 

Latest Consultations

Consultation paper: A guide to the FMA's view of conduct

28 July 2016

We are seeking feedback on our conduct guide. The guide details how we will examine whether financial service providers are demonstrating good conduct under the Financial Markets Conduct Act (FMC Act).