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Page last updated: 09 October 2024

Regulatory co-operation

We coordinate our efforts and share intelligence with other government agencies to ensure our work is informed, proportionate and effective.

The Council of Financial Regulators (CoFR) – Kaunihera Kaiwhakarite Ahumoni – contributes to maximising New Zealand’s sustainable, economic wellbeing through effective and responsive regulation of the financial system in New Zealand. Read more on the CoFR website

The FMA also has bilateral MOU obligations with 15 countries, the most significant being with the Australian regulator, ASIC.  The FMA and ASIC signed a new MOU in relation to assistance and mutual cooperation on 28 August 2012.

The FMA has entered into 24 supervisory cooperation agreements with EU securities regulators to supervise fund managers operating across borders.

The agreements allow New Zealand fund managers to manage and market alternative investment funds in the EU under the rules of the alternative investment fund managers directive.

MOUs have been entered into by the FMA and the following EU authorities:

Name of Regulator Country Date
Financial Supervision Commission Bulgaria 12 Dec 2013
Cyprus Securities and Exchange Commission Cyprus 12 Dec 2013
Czech National Bank Czech Republic 12 Dec 2013
Finanstilsynet Denmark 12 Dec 2013
Estonian Financial Supervision Authority Estonia 12 Dec 2013
EU competent authorities Ireland 12 Dec 2013
Finanssivalvonta Finland  12 Dec 2013
Autorite des marches financiers France  12 Dec 2013
Hellenic Capital Market Commission Greece  12 Dec 2013
The Central Bank of Hungary Hungary  14 April 2014
Fjarmalaeftirlitid Iceland  12 Dec 2013
Commissione Nazionale per le Societa e la Borsa Italy 12 Dec 2013
Finansu un capitala tirgus komisija Latvia 12 Dec 2013
Finanzmarktaufsicht Liechtenstein  12 Dec 2013
Bank of Lithuania Lithuania  12 Dec 2013
Commission de Surveillance du Secteur Financier Luxembourg 12 Dec 2013
Malta Financial Services Authority Malta  12 Dec 2013
Finanstilsynet Norway  12 Dec 2013
Polish Financial Supervision Authority Poland  12 Dec 2013
Comissao do Mercado de Valores Mobiliarios Portugal 12 Dec 2013
Romanian Financial Supervisory Authority Romania  12 Dec 2013
National Bank of Slovakia Slovakia 6 Jan 2014
Comision Nacional del Mercado de Valores Spain  12 Dec 2013
Finansinspektionen Sweden  12 Dec 2013
Authoriteit Financiele Markten The Netherlands  12 Dec 2013

Consumer vulnerability framework

CoFR has agreed to a non-binding framework for industry when developing or reviewing the way it treats vulnerable customers. When considering customer vulnerability practices, we would expect industry to consult widely in developing your own terminology, procedures, and processes for assisting vulnerable consumers. These should focus on the evolving needs of the consumers you serve, should be appropriate for your business and in accordance with any specific legislative requirements. 

Consumer vulnerability framework