1. Compliance
  2. Crowdfunding platforms
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Crowdfunding platforms

Crowdfunding offers companies a way of raising up to $2 million in any 12 month period with simpler compliance obligations. There are obligations on both the companies issuing shares and on the crowd funding service provider.

Who needs to comply

Crowdfunding is a type of financial market service covered by the FMC Act. Find out more about becoming a crowdfunding service provider, including details on licencing. 

Calendar

See upcoming events and key dates.

Your obligations

Licensed crowdfunding service providers have to meet and maintain certain minimum standards. Find out what these are.

Licensing

If you want to set up a crowdfunding service so you can act as an intermediary between companies issuing shares and investors, you will need to apply for a crowdfunding licence.

The FMA issues licences to provide crowdfunding services. See the current list of businesses who hold a licence.

Fair dealing

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

Financial reporting

Under the FMC Act there are financial reporting obligations for FMC reporting entities. 

Completing your annual regulatory return

Every licensed crowdfunding service provider is required to complete and submit a regulatory return annually. The return is a series of questions and licensees will need to submit their first return to us by 31 August 2017.  Details about how to submit the return will provided closer to the time.  

AML/CFT and you

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.

Exemptions

Find out more about exemptions we grant, current notices and how to apply for one.

Fees and levies

Applicants must pay a fee when they either apply for a new licence for financial market services or apply to vary an existing licence. The relevant fees are set by the Ministry of Business, Innovation and Employment and outlined in the Financial Markets Conduct (Fees) Regulations 2014. Review the full list of fees.

 

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).

 

Latest Consultations

Consultation paper: KiwiSaver advice

8 November 2016

We are seeking feedback on our KiwiSaver advice guidance note.

This guidance note is for providers advising on KiwiSaver products and will replace our 2012 Guidance Note: Sale and Distribution of KiwiSaver. We are replacing this guidance to recognise feedback that our 2012 approach resulted in some people not getting the help they needed, as firms saw it as risky to provide advice. This revised guidance is intended to change that situation, by encouraging advisers and financial firms to help people make good decisions about KiwiSaver.