1. Compliance
  2. Brokers & custodians
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Brokers & custodians

Information about brokers under the Financial Advisers Act 2008 and custodians under the Financial Advisers (Custodians of FMCA Financial Products) Regulations 2014.

Who needs to comply

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

Calendar

See upcoming events and key dates.

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).  

Your obligations

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

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.

Breaches & offences

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

Exemptions

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

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.

 

Latest News

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...

FMA warns firms under Anti-Money Laundering and Countering F...

8 February 2017

Media Release MR No. 2017 – 02 8 February 2017  The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and AML/CFT programme by 25 Nove...

 

Latest Consultations

Consultation paper: KiwiSaver advice

8 March 2017

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.