Financial Markets Authority Act 2011

Introduction

You could also call this:

"Setting Up a Group to Oversee Financial Markets"

Illustration for Financial Markets Authority Act 2011

This Act has a purpose. The purpose is to do a few things. It sets up the Financial Markets Authority as an independent Crown entity, which is explained in section 7 of the Crown Entities Act 2004. You will learn what the main goal of the Financial Markets Authority is. You will also learn what its jobs are. The Act gives the Financial Markets Authority some powers. These powers help it get information and enforce rules. The Act also stops the Securities Commission and the office of the Government Actuary from existing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231004.

This page was last updated on 10 December 2025 — View changes

Highlights from this law

6: Financial Markets Authority established

New government team created to watch over money matters

7: FMA is Crown entity

The FMA is a special part of the New Zealand government with its own rules

8: FMA's main objective

The FMA aims to make financial markets fair and easy for everyone

9: FMA's functions

The Financial Markets Authority (FMA) helps make sure money markets are fair and safe for everyone

25: FMA may require person to supply information, produce documents, or give evidence

FMA can ask you for information, papers, or to talk to them

29: Power to enter and search place, vehicle, or other thing

FMA can allow searches of places and things to find proof of broken financial rules

30: Sharing of information and documents with law enforcement or regulatory agencies and overseas regulators

FMA can share information with other agencies to help everyone do their job better

34: FMA may exercise person’s right of action

FMA can take legal action for someone else to protect the public

Topics:

Money and consumer rights > Consumer protectionBusiness > Industry rules

1: Title, or

"This law's official name"

Financial Markets Authority Act 2011

Reprint as at:: 2025-11-27
Assent:: 2011-04-18
Commencement:: see section 2

The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

This Act is administered by the Ministry of Business, Innovation, and Employment.