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New Zealand law explained for everyone

Financial Markets Authority Act 2011

Financial Markets Authority - Membership of board of FMA

10: Membership of board of FMA

You could also call this:

"How many people can be on the FMA board?"

The Financial Markets Authority (FMA) has a board that runs it. You need to know that this board must have at least 5 people on it. However, it can't have more than 9 people. This rule makes sure there are enough people to make good decisions, but not too many that it becomes hard to work together.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231070.

Topics:
Money and consumer rights > Banking and loansMoney and consumer rights > Consumer protection
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9: FMA's functions, or

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

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11: Associate members, or

"FMA board can have special helpers chosen by the Minister"

Part 2Financial Markets Authority
Membership of board of FMA

10Membership of board of FMA

  1. The board of the FMA consists of not fewer than 5, and not more than 9, members.

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