This page explains how the Financial Markets Authority (FMA) is funded. It includes information about the 2021, 2019/20 and 2016 funding reviews.

The Government has agreed through Budget 2022 to increase the Financial Market Authority - Te Mana Tātai Hokohoko’s (FMA) annual operating funding from $60.805 million to $76.401 million in 2025/26.

MBIE and the FMA are consulting on proposed changes to the FMA’s funding and the FMA levy.

On 17 June 2019 Cabinet agreed on the licensing fees and changes to the FMA levy.

MBIE and the Financial Markets Authority (FMA) are consulting on proposed changes to the FMA’s funding and the FMA levy.

In October 2016, Cabinet approved a number of changes to the funding of the Financial Markets Authority, the External Reporting Board and the Companies Office.

These tables set out the levy changes. Existing classes currently set out in the Financial Markets Authority (Levies) Regulations 2012 whose levies will not change are not included. The levies set out in this table are exclusive of GST and will come into force on 1 September 2022.

In 2021, MBIE and the FMA initiated a review of the FMA’s funding requirements and the FMA levy. The review was commenced in response to the FMA’s expanding remit under 3 new legislative regimes

In 2019, MBIE and the FMA initiated a review of the FMA’s funding requirements and the FMA levy. The review was commenced in response to cost pressures resulting from the FMA’s evolving regulatory environment and remit.