Under the FMC Act the manager of a registered managed investment scheme (MIS), other than a restricted scheme, must be licensed. See our transition information sheets for MIS managers which provide an outline of the transition timeline and examples of the key activities and indicative timings for each step. Also see this section for transition information for Unit Trusts, Superannuation, KiwiSaver and other types of managed investment schemes.
Many financial market professionals require a licence in order to do business. As a fund manager, find out how to apply for a licence here.
See the current list of businesses who hold a licence to provide a managed investment scheme.
See all our guidance specifically for managed investment schemes here.
To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria.
Putting investor interests first is at the heart of raising the standards of how financial advice is conducted.
Depending on whether you choose to adopt the requirements under the Financial Markets Conduct Act 2013 (FMC Act), or continue to make an offer under the transitional provisions of the Securities Act regime, will determine how you present your offer and what your on-going obligations are.
KiwiSaver is a priority focus for FMA. Participants involved in KiwiSaver management, distribution and oversight must meet regulatory standards and act with customers’ best interests in mind. See what your obligations are here.
The FMA is responsible for the administration, compliance monitoring and enforcement of the Superannuation Schemes Act 1989. Find out more about who needs to comply and your obligations here.
Part 4 of the FMC Act resets the accountability framework for managed investment schemes and debt securities. It imposes statutory duties of care on licensed supervisors and on managers of managed investments schemes.
Under the Financial Markets Conduct Act 2013 there are financial reporting obligations for FMC reporting entities.
Find out more about exemptions for fund managers, current notices and how to apply for one.
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.
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.
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.
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.
30 August 2016
10 October 2016
We are seeking feedback from licensed crowdfunding and peer-to-peer lending service providers on the information they will have to supply in their annual regulatory returns.