Plain language law

New Zealand law explained for everyone

Financial Markets Authority Act 2011

Financial Markets Authority - FMA's main objective and functions

8: FMA's main objective

You could also call this:

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

The Financial Markets Authority (FMA) has an important job. Its main goal is to help create fair financial markets. This means markets where everyone is treated equally and has the same chances. The FMA also wants to make sure these markets work well and are easy to understand. When financial markets are fair, efficient, and clear, it's better for everyone who uses them. The FMA works to encourage and support the growth of these good qualities in New Zealand's financial markets.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM3565205.

Topics:
Money and consumer rights > Banking and loansMoney and consumer rights > Consumer protectionGovernment and voting > Government departmentsBusiness > Industry rulesBusiness > Fair trading
Previous

7: FMA is Crown entity, or

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

Next

9: FMA's functions, or

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

Part 2Financial Markets Authority
FMA's main objective and functions

8FMA's main objective

  1. The FMA's main objective is to promote and facilitate the development of fair, efficient, and transparent financial markets.