Definition
What is FMA (Financial Markets Authority)?
New Zealand's financial markets regulator responsible for oversight of investment products and services.
The Financial Markets Authority (FMA) is New Zealand's primary regulator of financial markets. It oversees investment products, financial advisors, and market conduct to maintain fair and efficient markets.
FMA Responsibilities: - Licensing and monitoring financial service providers - Enforcing financial market legislation (FMCA, FMC Act) - Investor education and protection - Monitoring market conduct - Taking enforcement action against misconduct
Relevance for Wholesale Investors: - FMA registers managed investment schemes - Monitors fund manager compliance - Investigates misconduct - Provides guidance on wholesale investor definitions - Maintains the Financial Service Providers Register
FSP Register: Check if your fund manager is registered at fsp-register.companiesoffice.govt.nz. Legitimate providers should have FSP registration, though wholesale-only offerings may have different requirements.
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Educational Content Disclaimer
This glossary provides general educational information only and does not constitute financial, legal, or tax advice. Definitions and explanations are simplified for educational purposes and may not cover all aspects or nuances of each term.
Before making any investment decision, you should seek independent advice from appropriately qualified professionals. Wholesale Investor does not recommend or endorse any particular investment, strategy, or fund manager.