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FMA's Compliance Focus for 2013

Page last updated: 28 Feb 2013

This document outlines the Financial Markets Authority’s (FMA’s) priority areas for monitoring and surveillance in 2013. It provides an opportunity for participants to assess their activities and take steps to improve behaviours and compliance controls in these areas. Four major themes will influence our priorities:

1. Building customer trust – participants need to be fair and transparent in their dealings with customers,
with customers’ interests central to their activities.

2. Raising standards in existing regimes – we expect participants to demonstrate behaviour above the bare minimum required, with a focus on good conduct, ethics and integrity. 

3. Embedding new regimes – participants need to adapt to new regulatory regimes so as to realise the intended benefits for markets and customers.

4. KiwiSaver – participants involved in the management, distribution and oversight of KiwiSaver must ensure they meet regulatory standards and act with customer interests in mind.

Our priorities will evolve as we monitor financial markets and evaluate emerging risks, but it is anticipated that the themes will remain beyond 2013. 

This document outlines our priorities, it is not intended to be a complete list of all the work we will do in 2013. It also outlines our overall regulatory approach.

FMA's Compliance Focus for 2013.pdf (4.2 MB)