Source:
Media Release
Organisation: Finance and Expenditure Committee
For release: 21 May 2025
Have your say on Financial Markets Conduct Amendment Bill
The Finance and Expenditure Committee is calling for submissions on the Financial Markets Conduct Amendment Bill. The closing date for submissions is 11.59pm on Monday, 23 June 2025.
This bill is one of three that the Finance and Expenditure Committee is considering related to financial services. The other two bills are the Financial Service Providers (Registration and Dispute Resolution) Amendment Bill and the Credit Contracts and Consumer Finance Amendment Bill.
Please take care to upload your submission on the relevant bill.
The bill would:
- change minimum requirements for fair conduct programmes to allow for more flexibility and to reduce unnecessary prescription and compliance costs
- require the Financial Markets Authority (FMA) to issue a single licence covering different classes of market services
- change provisions that require firms holding a licence under the Financial Markets Conduct Act, or authorised bodies, to obtain regulatory approval from the FMA before certain changes in firms take effect
- introduce on-site inspection powers for the FMA to, without notice, enter and remain at a place of business of a financial markets participant for compliance monitoring purpose
- make a number of other technical amendments.
Tell the Finance and Expenditure Committee what you think:
Make a submission on the bill by 11.59pm on Monday, 23 June 2025.
For more details about the bill:
ENDS
For media enquiries contact:
Finance and Expenditure Committee Staff
fe@parliament.govt.nz
