New Statement of Performance Expectations and Statement of Intent published
We have published our new Statement of Performance Expectations, which sets out our planned performance outputs and budget for the coming financial year, and our Statement of Intent, which covers our medium-term strategic intentions and how we will monitor progress against these.
You can also read our other corporate publications on the page below.
NZX met its statutory obligations as a licensed market operator for the period from January to 31 December 2019, according to the FMA’s annual review.
The General Obligations Review found that NZX complied with its market operator obligations during the review period. The FMA will continue to engage with NZX on areas where it considers improvements should be made.
Investor confidence holds up despite COVID-19 market volatility
Investor confidence has remained steady for the third year running, in spite of the volatilty caused by COVID-19, an FMA survey has revealed.
The annual Investor Confidence Survey was conducted in early May, during the Level 3 lockdown. It found two-thirds of investors (66%) were confident in New Zealand's financial markets, in line with 65% of investors last year.
Financial advice provider licensing - early applications encouraged
New Zealand’s new financial advice regime starts on 15 March 2021 and the FMA is encouraging providers to apply for a transitional licence as soon as they are ready, ideally before the end of this year.
As at June 29, the FMA had granted 861 transitional licenses, representing an estimated 6,597 financial advisers.
Consultation on proposed licence classes and standard conditions for full licensing is also under way.
How does your KiwiSaver fund stack up against the rest?
Our online KiwiSaver Tracker compares the returns and fees of 270 funds - and has just been updated with latest figures for March 2020, reflecting the volatility that hit markets in the first quarter of the year.
This plan sets out the areas the FMA will focus on as part of our role in reviewing the quality of audits, and contributing to the integrity and development of the audit profession.
It will help licensed auditors, registered audit firms and accredited bodies to understand how the FMA will approach auditor regulation.
Issuers, investors and their advisers should also find the new plan useful.
We're hiring: FMA seeks applications for new Director of Investment Management
The FMA is hiring a new Director of Investment Management, a significant leadership role on the FMA’s executive team.
Leading a new team, the Director will head up a function housing our Investment Management subject-matter experts responsible for designing, delivering and communicating the FMA's approach to the Investment Management Sector.