Who needs to comply

Supervisors are appointed to look after investors' interests for some types of financial products and the interests of residents of retirement villages. Supervisors covered by the Financial Markets Supervisors Act 2011 (the FMS Act) are those who supervise the following:

Debt securities

Registered schemes, in these categories:

• KiwiSaver schemes
• non-fund schemes
• specified managed funds
• superannuation schemes
• retirement villages

Trustees of restricted KiwiSaver schemes are not covered by the FMS Act. Under the requirements of the FMC Act 2013, restricted schemes must have a licensed independent trustee. See independent trustees for more information.

Your obligations

Supervisors must comply with the Financial Markets Supervisors Act 2011 (the FMS Act) and supporting regulations. Read more about your obligations.

DIMS - all you need to know

To be authorised to provide a personalised DIMS service you must first meet the prescribed eligibility criteria. 

Financial reporting

The FMC Act 2013 has financial reporting obligations for 'FMC reporting entities'. On these pages you can find out who needs to comply and what you need to do.

Governance

Part 4 of the FMC Act resets the accountability framework for managed investment schemes and debt securities. It imposes statutory duties of care on licensed supervisors and on managers of managed investments schemes. 

Fair dealing

Read how the FMC Act provides for fair dealing in relation to financial products and services and sets out minimum compliance standards of behaviour for people operating in the financial markets.

AML/CFT and you

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its Regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.