1. Compliance
  2. Brokers & custodians
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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

Consultation complete on FMA’s conduct guide: final document...

13 December 2016

Media releaseMR No.2016 – 3813 December 2016 Earlier this year the FMA consulted on a guide on good conduct, signalling to New Zealand financial services providers what to expect from interaction and engagement with the conduct regulator. With a broad range of industry submitting, the process has given the FMA valuable insight into how New Zealand financial services providers view the topic of conduct regulation in general; and the intent and content o...

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.

 

Latest Consultations

Consultation paper: Requirement for managers of multiple par...

16 January 2017

First published 16 January 2017   Final date for submissions   5pm Friday 17 March 2017   Consultation document Requirement for managers of multiple participant schemes to register participation agreements Submission form Feedback form E-mail for submission consultation@fma.govt.nz (please use the title of the consultation paper for the subject line) We are seeking views on a proposal for a possible class exemption from the Fin...