Information about brokers under the Financial Advisers Act 2008 and custodians under the Financial Advisers (Custodians of FMCA Financial Products) Regulations 2014.
Find out who is a broker under the FA Act and who is a custodian under the custodian regulations.
Find out what your obligations are under the FA Act and custodian regulations. Also read how we will monitor compliance.
Find out who must comply with broker obligations under the FA Act and custodian obligations under the custodian regulations.
Breaches of broker or custodian obligations may lead to claims for compensation, action by the FMA or prosecution.
You may be able to obtain an exemption from compliance with broker and/or custodian obligations under the FA Act 2008.
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.
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...
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...
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...
21 February 2017
First published 21 February 2017 Final date for submissions 5pm Friday 17 March 2017 Consultation document Proposed transitional relief for non-NZX brokers to allow limited use of buffers Submission form Feedback form E-mail for submission firstname.lastname@example.org (please use the title of the consultation paper for the subject line) We are seeking views on a proposal for a class exemption from the Financial Advisers Act 2...