1. Compliance
  2. Crowdfunding platforms
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Who needs to comply

Crowdfunding is a type of financial market service covered by the FMC Act. Find out more about becoming a crowdfunding service provider, including details on licensing. 

Your obligations

Licensed crowdfunding service providers have to meet and maintain certain minimum standards. Find out what these are.

Licensing

If you want to set up a crowdfunding service so you can act as an intermediary between companies issuing shares and investors, you will need to apply for a crowdfunding licence.

The FMA issues licences to provide crowdfunding services. See the current list of businesses who hold a licence.

Fair dealing

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

Financial reporting

Under the FMC Act there are financial reporting obligations for FMC reporting entities. 

Completing your annual regulatory return

All licensed crowdfunding service providers are required to complete and submit a regulatory return annually. The return is a series of questions and licensees will need to submit their return to us by 31 August.  

AML/CFT and you

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.

Exemptions

Find out more about exemptions we grant, current notices and how to apply for one.

Fees and levies

Applicants must pay a fee when they either apply for a new licence for financial market services or apply to vary an existing licence. The relevant fees are set by the Ministry of Business, Innovation and Employment and outlined in the Financial Markets Conduct (Fees) Regulations 2014. Review the full list of fees.