Fund managers

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.

Licensed 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

To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria. 

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.