1. Compliance
  2. Crowdfunding platforms
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Crowdfunding platforms

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. 

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Your obligations

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

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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.

Visit 'licensing and registration' section

Licensed crowdfunding services

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

Visit 'lists and registers' section

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.

Visit 'fair dealing' section

Financial reporting

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

Visit 'financial reporting' section

Completing your annual regulatory return

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

Visit 'regulatory reporting' section

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.

Visit 'AML/CFT' section

Exemptions

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

Visit 'exemptions' section

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.

Visit 'fees and levies' section
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Latest News

FMA publishes first peer-to-peer/crowdfunding statistical re...

27 November 2017

Media release MR No. 2017 – 5324 November 2017The Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand.The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017.A total of $74.2 million was raised from investors through crowdfunding, including wholesale investors, i...

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...

 

Latest Consultations

Consultation paper: Including an annual declaration of compl...

16 April 2018

We are seeking feedback from licensed derivative issuers (DI), managers of managed investment schemes (MIS) and discretionary investment management service (DIMS) providers on the information they will have to supply in their annual regulatory returns.