Financial Markets Authority

The Financial Markets Authority (FMA) will be a new consolidated market conduct regulator for New Zealand's financial markets. The FMA will perform the regulatory functions currently undertaken by the Securities Commission and some of those of the Government Actuary and Companies Office.

The Financial Markets Authority Bill (formerly part of the Financial Markets (Regulators and KiwiSaver) Bill) will establish the FMA. The commerce select committee issued its report on the bill on 1 March 2011 and the bill was passed by Parliament on 7 April 2011.

It takes over the functions of the Securities Commission and the Government Actuary which are being disestablished.