1. Compliance
  2. Fund managers
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Who needs to comply

Under the FMC Act the manager of a registered managed investment scheme (MIS), other than a restricted scheme, must be licensed.  

FAQs

Find answers to your questions about managed investment scheme topics.

Calendar

See upcoming events and key dates.

Licensing

Many financial market professionals require a licence in order to do business. As a fund manager, find out how to apply for a licence here.

Licenced managed investment scheme managers

See the current list of businesses who hold a licence to provide a managed investment scheme.

Your obligations

Guidance

See all our guidance specifically for managed investment schemes here.

DIMS - all you need to know

 

Financial advice

Putting investor interests first is at the heart of raising the standards of how financial advice is conducted.

Offer information 

The FMC Act has requirements for financial product offer information. This section outlines those requirements, and provides information about when they don’t apply.

KiwiSaver

KiwiSaver is a priority focus for FMA. Participants involved in KiwiSaver management, distribution and oversight must meet regulatory standards and act with customers’ best interests in mind. See what your obligations are here.

Governance

Part 4 of the FMC Act resets the accountability framework for managed investment schemes and debt securities. It imposes statutory duties of care on licensed supervisors and on managers of managed investments schemes. 

Financial reporting

Check your financial reporting obligations.

Exemptions

Find out more about exemptions for fund managers, current notices and how to apply for one.

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.

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.

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.

 

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: Proposed exemption from the obligation t...

22 May 2017

First published 22 May 2017   Final date for submissions   5pm, Friday 9 June 2017   Consultation document Proposed exemption from the obligation to prepare scheme financial statements for bundled unit trusts Submission form Feedback form E-mail for submission consultation@fma.govt.nz (please use the title of the consultation paper for the subject line) Under the Securities Act 1978 (SA) a number of managers of managed investme...