1. Compliance
  2. Financial market infrastructures
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Financial market infrastructures

Financial market infrastructures (FMIs) are vital to well-functioning markets. They include the settlement and clearing systems that enable the free-flow of securities transactions and payments.

Together with the Reserve Bank of New Zealand (RBNZ), the FMA jointly oversees designated settlement systems in New Zealand.

Part 5C of the Reserve Bank of New Zealand Act 1989 (Act) details the FMA’s and RBNZ’s oversight powers and requirements for these systems. Further information can be found in our joint policy statement which explains the Act, our roles and policies, and also in our memorandum of understanding (MoU) we have with the RBNZ.

Currently, there are two designated settlement systems the FMA is jointly responsible for regulating.

NZClear is the securities settlement system and central securities depository for a broad range of fixed interest securities and equities that are issued in New Zealand. It is owned and operated by the RBNZ.

Contact person:
Chief Financial Officer
Financial Services Group
Reserve Bank of New Zealand
PO Box 2498
WELLINGTON
Telephone (04) 472-2029
Email: rtgshelpdesk@rbnz.govt.nz

New Zealand Clearing and Depository Corporation Limited (NZCDC) clears and settles all transactions that are conducted on the markets of the New Zealand stock exchange, NZX Limited (NZX).

Contact person:
Chief Operating Officer and Head of Risk
New Zealand Clearing and Depository Corporation Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
WELLINGTON
Telephone: +64 4 495 2465
Email: clearing@nzx.com

For more information about how to apply to become a designated FMI and to view the latest proposals to update the supervisory regime for FMIs, please visit the RBNZ website.

 

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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.