1. Compliance
  2. Consultation


Consultation helps us to make informed and effective policy decisions. It's an important part of our policy development process.

Our consultation is designed to encourage quality engagement from interested businesses and individuals, balanced with the need to complete policy work within the required timeframe.

When consulting on policy development we will:

  • post upcoming consultation on our homepage calendar as they are scheduled
  • publish consultation documents that clearly describe the issue we’re seeking feedback on
  • provide a reasonable amount of time for respondents to provide quality feedback.  If you need more time, please contact us
  • publish the feedback we receive through consultation, usually via a summary of the key themes, our response and the names of submitters
  • undertake further consultation if our initial proposal changes significantly and we need additional feedback  
  • publish a regulatory impact statement for significant policy decisions.

For the latest on policy decisions and matters we are still exploring legislative tool solutions see our 'Regulation Updates' section. If you would like to be notified when consultations open for submissions please subscribe to our consultation alerts.

Open consultation

Upcoming consultation


  • Consultation on content of regulatory returns for DIMS, MIS and DI licensees -As part of the licence conditions, we will consult on the questions we will ask in annual regulatory returns. The consultation will also include an updated proposal for the annual compliance declaration for all FMC Act licensees.  


Closed consultation - awaiting a response


Read our closed consultations that are awaiting a response

Closed consultation - with response


Read our closed consultations which include the consultation document and response or update.

Proposal for annual declaration of compliance for Financial Markets Conduct Act 2013 licensees - closed 21 Dec 2015

Improving financial information in an equity PDS - closed on Friday 30 June 2017

Proposed exemption to facilitate personalised robo-advice - closed 19 July 2017 - see second consultation.

APEC's consultation on Asia Region Funds Passport Guidance - closed 19 September 2017

Consultation paper: Updated Corporate Governance Handbook - closed 8 December 2017

Proposed exemption from the market index requirement - see FMA Update (Exemption and Designation news) - 16 November 2017

Short duration derivatives designation - see the designation notice  and summary of submissions report published on 28 September 2017

Proposed guidance on substantial product holder disclosures  - see guidance and response to submissions released on 27 September 2017

Requirement for managers of multiple participant schemes to register participation agreements - see FMA Update (Exemption and Designation news) -  14 September 2017

Follow up to KiwiSaver annual statements - calculation of total fees in dollars  - see update 19 July 2017

Proposed exemption from the obligation to prepare scheme financial statements for bundled unit trusts  see FMA Update (Exemptions granted) -  13 July 2017

Disclosing non-GAAP financial information - see update 13 July 2017

KiwiSaver annual statements - calculation of total fees in dollars - see our follow up consultation which closed on 23 June 2017

Class designation of shares to managed investment products in a MIS - See our update (15 May 2017 and information sheet

Proposed transitional relief for non-NZX brokers to allow limited use of buffers - see our update on Monday 10 April 2017

KiwiSaver advice - see our guidance note released on Wednesday 8 March 2017

A guide to the FMA's view of conduct - closed Monday 31 October 2016 - See our final guidance published on 2 February 2017

Reviews of the Financial Markets Authority funding and the Financial Markets Authority levy -  see Minister's announcement 3 November 2016

Proposed exemptions for existing property schemes - see page 13 of our September Regulation update

Recognition of overseas regimes – proposed exemption relief - see pages 15-16 of our September Regulation update

Exemptions impacting overseas businesses, and restricted schemes - see pages 15-17 of our September Regulation update

Exemption for small offers of co-operative shares - see page 18 of our September Regulation update

Forestry schemes issues and exemption proposals -  see pages 13-14 of our August Regulation update

Proposed variations to standard conditions of market services licences - see update 22 March 2016

Draft guidance on disclosure of certain fees and returns by managed funds - see update 29 February 2016