The Financial Markets Authority (FMA) is an independent Crown entity and New Zealand’s principal regulator of financial markets, responsible for overseeing and enforcing a range of financial market legislation.
The FMA’s overarching purpose is to promote and facilitate the development of fair, efficient and transparent financial markets. Strong financial markets help New Zealanders plan for the future and their retirement, access capital and investment opportunities, manage risk, and participate in the economy.
The External Reporting Board (XRB) is an independent Crown entity whose purpose is to help create dynamic and trusted markets through the establishment of an accounting and assurance standards framework. This framework:
- engenders confidence in New Zealand financial reporting
- assists entities to compete internationally
- enhances entities’ accountability to stakeholders.
The Companies Office has the mechanisms to collect FMA and XRB levies, through its registers, and to pass them on to the relevant authority. The collection of levies funds some of the activities of the FMA and XRB. When you use our services, you’ll see the levy portion of the fee on our fees schedules and invoices.