Who We Regulate
Forex Markets Authority
WHO WE REGULATE
Businesses, professionals and markets regulated by Forex Markets Authority
The table outlines the entities we regulate through direct licensing or authorisation, and those who are licensed or registered by other agencies but may be subject to elements of laws we enforce. We also take an interest in other products and markets not directly in our remit but linked to financial markets.
| Sector | FMA licensed/authorised | Licensed or registered by others1 |
| Retail product and service providers |
• Derivatives Issuers (DI) • Foreign exchange providers |
• Banks2 • Non-bank deposit takers2 • Insurers2 |
| Advisers and discretionary managers |
• Discretionary Investment Management Service (DIMS) providers • Authorised Financial Advisers (AFAs) • Qualifying Financial Entities (QFEs) |
Registered Financial Advisers (RFAs)2 |
| Infrastructure providers |
• Licensed financial product markets • Designated settlement systems |
|
| Alternative capital raising |
• Peer-to-peer lending providers • Crowdfunding providers |
Certain other products and markets, eg cryptocurrency exchanges |
| Frontline regulators |
• Supervisors • Licensed independent trustees • NZX (Regulation) • Accredited audit bodies |
• Registered audit firms3 • Licensed auditors4 |
| Other market participants | International auditors and audit firms |
• Brokers2 • Custodians2 • Providers of products and services to wholesale clients2 |
| Issuers | Debt and equity offers, and related financial reporting5 |
1- We do not license these market participants but oversee them to some extent.
2- Registered on the Financial Service Providers Register (FSPR)
3- Registered on the auditor’s register
4- Licensed by accredited audit body
5- Registered on the Disclose register