Financial Markets Authority
Established on 1 May 2011, the Financial Markets Authority (FMA) is the new consolidated market conduct regulator for New Zealand's financial markets. The Financial Markets Authority Act 2011 establishes FMA as an independent Crown Entity and sets out its functions.
FMA’s main objective is ‘to promote and facilitate the development of fair, efficient, and transparent financial markets’.
FMA is responsible to the Minister of Commerce. The Ministry acts as the agent for the Minister of Commerce. Work is currently underway on fees and levies to partly fund the FMA. We sought feedback on potential changes to the funding of New Zealand's corporate and financial market regulators.