What is FMCA?

Last Updated: 08 Mar 2021

The Financial Markets Conduct Act 2013 (FMCA) is a piece of law that governs how financial products are created, promoted and sold. The Financial Markets Conduct Bill was introduced into Parliament in October 2011 and passed into law in September 2013. It replaces the Securities Act 1978, Securities Markets Act 1988, and incorporates and amends a range of other related investment legislation.

The Financial Services Legislation Amendment Act (FSLAA) is in effect from 15 March 2021. FSLAA will bring the regulation of financial advice into FMCA.

New disclosure regulations change the information ASB is required to disclose to our customers.

See our Advice Disclosure Statement for more information.

Find out more about the Act at www.fma.govt.nz.

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