To hold to account and impose penalties on professionals or entities that breach their legal obligations.
To deter others from doing the same.
Our approach to enforcement
Enforcement and deterrence is a critical part of the work that the FMA undertakes. It plays a key role in raising standards and responding to conduct that presents the greatest risk of harm in our financial markets. We do not have a ‘litigation by default’ approach to our enforcement response. Rather we use a range of tools to achieve appropriate, proactive and targeted enforcement action.