This article LTG
Goldrock introduces the New Zealand Financial Market Administration ~
The New Zealand Financial Market Authority (FMA) was established in 2011 according to the "2011 Financial Market Administration Act".The Financial Market Authority (FMA) replaced the original securities committee and took over some of the functions of the New Zealand Government Economic Development. In particular, the FMA could supervise the New Zealand government's budget and also fulfill part of the company's registration.
The New Zealand Financial Market Administration (FMA) executes the supervision of the securities industry, financial reports and corporate laws, and will also supervise the financial services and securities markets.In addition, FMA also regulates securities transactions, financial advisors and agents, trustees and publishers, including the issuers of Kiwisaver and Pension Plan.
The New Zealand Financial Market Authority (FMA) and New Zealand Reserve Bank (RBNZ), which are two regulatory agencies constitute the New Zealand financial market regulatory system.
Institutional functions:
(1) Review and issue business permits for financial service institutions
(2) Supervise the operation of financial service institutions and accept investors' complaints on financial institutions
(3) Investigation and law enforcement, for example, for financial institutions that provide false information, FMA has the right to revoke its license
(4) Policies and guidance, provide information to assist the company to launch financial activities in accordance with the law
(5) Education and popularization, FMA cooperates with social organizations to help investors stay away from financial fraud, and make correct investment decisions
FMA and FSP:
New Zealand FSP is called Financial
Service
PROVIDERS refers to the registered online information registration of individuals, enterprises and institutions providing financial services in New Zealand.The supervision that meets this type is called FSPR, that is, registrar
of Financial Service PROVIDERS.
Any individual and group organizations that provide financial services in New Zealand need legal FSP registration and declaration.But FSP does not mean supervision, just equivalent to ordinary industrial and commercial registration numbers.
New Zealand FMA is called Financial
Markets Authority New Zealand is the highest financial institution in the New Zealand foreign exchange industry.
According to the "Financial Market Behavior Law and its Affiliated Regulations" changed on February 28, 2015,
Compliant foreign exchange dealers regulated by New Zealand must obtain derivatives provided by FMA -grabbed derivatives.
Financial derivative brand information shows on the FSPR query page.Any compliance brokers who provide derivatives services need to disclose information to investors, especially retail customers.
