The Financial Markets Authority (FMA) is the New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. We also regulate securities exchanges, financial advice providers and client money or property services, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. We jointly oversee designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ).
Our vision is to promote and facilitate the development of fair, efficient and transparent financial markets.
As a risk-based conduct regulator, we focus our resources on conduct that we think poses the most significant risk to achieving this objective.
We were established in 2011 as an Independent Crown Entity. In 2014 we began working under a much wider mandate with the introduction of the Financial Markets Conduct Act 2013 (FMC Act). We now have an extended range of regulatory tools available to achieve better outcomes for investors, financial markets professionals and businesses.
In delivering our current regulatory objectives, we have seven strategic priority areas including governance and culture; conflicted conduct; capital market growth and integrity; sales and advice; investor decision making; effective frontline regulators; and FMA effectiveness and efficiency. You can find out more about these priority areas in our full Strategic Risk Outlook.
Our role in regulation
We are one of four main regulators. Here’s how we work together to regulate our economy and support a financially healthy New Zealand.
We are a member of New Zealand’s Council of Financial Regulators, alongside the Reserve Bank of New Zealand, New Zealand Treasury and the Ministry of Business, Innovation and Employment. We’re also a member of IOSCO - the International Organisation of Securities Commissions.
For a list of our major achievements and activities over the last 12 months, please see our latest annual report.
What we don't do and who may be able to help
We do not provide legal advice.
In most cases, you will need to talk to a qualified legal adviser who can tell you how the law applies to you and your particular circumstances. For free advice contact the Citizens Advice Bureau.
Competition law and fair trading
For matters about anti-competitive practices or complaints about misleading or deceptive conduct for financial products and services that occurred before 1 April 2014, you should contact the Commerce Commission.
Registered companies and other entities
We cannot advise on whether a company is legitimate or if you should deal with a particular company.
To see if a company is registered, contact the New Zealand Companies Office.
The Companies Office also maintains registers for a range of entities such as incorporated societies, charitable trusts, and limited partnerships.
Financial Service Providers Register
We don’t register financial service providers.
The Financial Service Providers Register (FSPR) is maintained by the New Zealand Companies Office.
You can check the Financial Service Providers Register (FSPR) to see if a person or business is registered.
Financial service providers are not required to be monitored by the FMA simply as a result of registration.
We check the qualifications, competence and good character of financial service providers and monitor them only if they are directly licensed by us.
Check out Consumer Protection for scams known to be circulating in New Zealand and you can report a scam on their website.
If the scam relates to an illegal investment offer or scheme you should also contact the FMA.
You can report any online incidents such as scams, frauds, privacy breaches or suspicious spam messages to NetSafe.
Credit (including hire purchase) and debt
Consumer Protection and the Commerce Commission have information about your rights when you use credit cards, store cards, buy goods or services on credit or get cash loans.
If you're worried about a loan you've got with a finance company, you can also contact Consumer Protection.
We don't get involved with individuals' disputes.
All financial service providers who offer financial services to retail clients must belong to an independent dispute resolution scheme.