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New Zealand law explained for everyone

Financial Markets Authority Act 2011

Financial Markets Authority - Establishment of FMA

6: Financial Markets Authority established

You could also call this:

"New government team created to watch over money matters"

The Financial Markets Authority is a special organisation that has been set up by the government. This happened because of a law that was made. The law says that the Financial Markets Authority now exists and can do its job. You can think of it as a new team that has been created to help look after important money matters in New Zealand.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231064.

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5: Act binds the Crown, or

"The government must follow this law just like everyone else"

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7: FMA is Crown entity, or

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

Part 2Financial Markets Authority
Establishment of FMA

6Financial Markets Authority established

  1. This section establishes the Financial Markets Authority.