1. Compliance
  2. Independent trustees
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Independent trustees

Under the Financial Markets Conduct Act a restricted investment scheme must have a licensed independent trustee.
Find out how to apply for a licence, what your obligations are and details about fees and levies.

Who needs to comply

Find out who an independent trustee is and if you’ll need a licence.

Calendar

See upcoming events and key dates.

Your obligations

Find out what your obligations as a licensee are.

Licensing

Find out how to apply for a licence here.

Licensed independent trustees

See the current list of businesses that hold a licence to provide an independent trustee service.

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.

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.

 

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.