FMA · Te Mana Tātai Hokohoko
Financial Markets Authority (FMA)
New Zealand's integrated financial-markets conduct regulator. Licenses fund managers, supervisors and financial-advice providers; enforces the Financial Markets Conduct Act; runs the Disclose register.
The Financial Markets Authority (FMA), Te Mana Tātai Hokohoko, is the New Zealand Crown entity responsible for regulating conduct in NZ financial markets. It was established under the Financial Markets Authority Act 2011 and has been NZ's integrated markets-conduct regulator since 2011.
For the managed-fund sector the FMA: issues licences to managed-investment scheme managers, supervisors, financial-advice providers and custodians; sets disclosure rules for PDS, SIPO, OMI and Quarterly Fund Update content; investigates and brings enforcement action under the FMC Act fair-dealing provisions; runs the Disclose register via the Companies Office; and publishes thematic guidance for the sector.
The FMA does not approve individual funds, set fee levels, or rate fund performance — its remit is conduct, disclosure and licensing, not merit-rating. For prudential regulation of banks and insurers the corresponding regulator is the Reserve Bank of New Zealand (RBNZ).
Primary sources
Related terms
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FMC Act
Financial Markets Conduct Act 2013 (FMC Act)
The principal NZ statute governing the issue, supervision and conduct of managed-investment schemes, securities offers, and financial-product disclosure.
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Disclose register · disclose-register.companiesoffice.govt.nz
FMA Disclose register
The official New Zealand register of every retail managed-investment scheme — the primary public source for fund PDSs, SIPOs, OMIs, Quarterly Fund Updates and full-portfolio holdings disclosures.
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FAP · Adviser firm
Financial Advice Provider (FAP)
A New Zealand entity licensed by the FMA to give regulated financial advice to retail clients under the Financial Markets Conduct Act 2013.
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MIS supervisor · Trustee
Supervisor
A licensed independent entity that holds the assets of a managed-investment scheme in trust and supervises the manager's compliance with the SIPO and FMC Act.