1. Compliance
  2. Brokers & custodians
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Brokers & custodians

Who needs to comply

Find out who is a broker under the FA Act and who is a custodian under the custodian regulations.

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Registration

In you're providing a broking service (including a custodial service), you are required to be registered on the Financial Service Providers Register (FSPR).  

Visit 'licensing and registration' section

Your obligations

Find out what your obligations are under the FA Act and custodian regulations. Also read how we will monitor compliance.

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Who is responsible for broker and custodian obligations

Find out who must comply with broker obligations under the FA Act and custodian obligations under the custodian regulations.

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Breaches & offences

Breaches of broker or custodian obligations may lead to claims for compensation, action by the FMA or prosecution.

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Exemptions

You may be able to obtain an exemption from compliance with broker and/or custodian obligations under the FA Act 2008.

Visit 'exemptions' section

Fair dealing

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

Visit 'fair dealing' section
 

Latest News

KiwiSaver trial to target decision-making a decade out from ...

5 May 2017

Media release MR No. 2017 – 158 May 2017 The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track...

The Financial Markets Authority publishes its first Conduct ...

20 February 2017

Media release MR No. 2017 – 05 20 February 2017 The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of the broad range of conduct regulation powers available under the Financial Markets Conduct Act 2013. Key ac...

FMA updates Strategic Risk Outlook and sets course for new e...

15 February 2017

Media Release MR No. 2017 – 04 15 February 2017 Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential harms to financial markets. Those priorities an...

 

Latest Consultations

Consultation paper: Content of regulatory returns for licens...

12 March 2018

We are seeking feedback from licensed derivative issuers (DI), managers of managed investment schemes (MIS) and discretionary investment management service (DIMS) providers on the information they will have to supply in their annual regulatory returns.