National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
FMA
Global JurisdictionFinancial Markets Authority
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 19
- Active / regulated
- 17
Statutory Supervisory Mandate & Scope
Financial Markets Authority (FMA) operates as a statutory financial supervisory authority regulating financial institutions in 5 (NZ). The authority oversees entity licensing, capital adequacy compliance, conduct supervision, and enforcement disclosures via its official registry at fma.govt.nz.
Prudential Tier Assessment
Tier-2Tier-2 national capital markets, securities, and derivatives supervisory authority in Global Jurisdiction, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (FMA)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by FMA in Global Jurisdiction.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $150,000 – $500,000 equivalent minimum paid-up capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $75,000 – $150,000 equivalent minimum paid-up capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under FMA.
National Investor Protection / Compensation Scheme (Global Jurisdiction)
- Maximum coverage per client
- Subject to statutory national investor protection fund limits and segregated trust priority
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
FMA Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
FMA Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Global Jurisdiction
- FMA Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Global Jurisdiction)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to FMAAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Operates under Global Jurisdiction national jurisdiction and IOSCO MMoU cross-border supervisory cooperation.
Supervised institutions & FMA licence records in our database
19 licence records referencing FMA (17 regulated/registered, 2 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| TMGM(Cross-jurisdiction record) | 569807 | Regulated | TRADEMAX GLOBAL MARKETS (NZ) LIMITED | 2018-08-27 | |
| CMCMarkets(Cross-jurisdiction record) | 41187 | Regulated | CMC MARKETS NZ LIMITED | 2014-12-12 | |
| EC Markets(Cross-jurisdiction record) | 197465 | Regulated | EC MARKETS FINANCIAL LIMITED | 2015-01-20 | |
| Plus500(Cross-jurisdiction record) | 486026 | Regulated | PLUS500AU PTY LTD | 2016-09-30 | |
| BlackBull(Cross-jurisdiction record) | 403326 | Regulated | BLACK BULL GROUP LIMITED | 2020-08-12 | |
| PFD(Cross-jurisdiction record) | 28944 | Regulated | PACIFIC FINANCIAL DERIVATIVES LIMITED | 2015-02-27 | |
| Checkout(Cross-jurisdiction record) | FSP1000838 | Regulated | Checkout | 2021-6-16 | |
| Axi(Cross-jurisdiction record) | FSP518226 | Regulated | AXICORP FINANCIAL SERVICES PTY LTD | 2018-06-01 | |
| BNZ(Cross-jurisdiction record) | FSP25101 | Regulated | BANK OF NEW ZEALAND | 2010-11-23 | |
| Heartland Bank(Cross-jurisdiction record) | FSP53901 | Regulated | HEARTLAND BANK LIMITED | 2011-01-06 | |
| Kiwibank Limited(Cross-jurisdiction record) | Not supplied | Regulated | KIWIBANK LIMITED | 2010-11-19 | |
| SBS Bank(Cross-jurisdiction record) | FSP29003 | Regulated | ASB BANK LIMITED | 2010-11-30 | |
| TSB New Zealand(Cross-jurisdiction record) | FSP22621 | Regulated | TSB BANK LIMITED | 2010-11-06 | |
| ZERO MARKETS(Cross-jurisdiction record) | 569807 | Regulated | ZERO MARKETS (NZ) LIMITED | 2018-08-27 | |
| First Credit Union(Cross-jurisdiction record) | FSP29785 | Regulated | FIRST CREDIT UNION INCORPORATED | 2010-11-23 | |
| BL Global Markets(Cross-jurisdiction record) | FSP703051 | Revoked | BL Global Markets | 2020-03-10 | |
| JRFX(Cross-jurisdiction record) | 770914 | Suspected clone | JR GLOBAL MARKETS LIMITED | 2021-02-11 | |
| JDFX(Cross-jurisdiction record) | 302606 | Regulated | JD Capital Financial Group Limited | 2013-07-12 | |
| The New Zealand Home Loan Company Limited(Cross-jurisdiction record) | FSP30301 | Regulated | THE NEW ZEALAND HOME LOAN COMPANY LIMITED | 2010-11-26 |
FMA (Global Jurisdiction): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under FMA (Global Jurisdiction)?
FMA (Financial Markets Authority) supervises financial institutions in Global Jurisdiction under Securities and Capital Markets Act of Global Jurisdiction and FMA Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $150,000 – $500,000 equivalent minimum paid-up capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $75,000 – $150,000 equivalent minimum paid-up capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does FMA provide statutory investor compensation and mandatory client asset segregation?
Under FMA's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Global Jurisdiction) with maximum coverage of Subject to statutory national investor protection fund limits and segregated trust priority (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with FMA Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does FMA regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
FMA's digital-asset regime is structured around FMA Digital Asset / Tokenized Securities & VASP Regulatory Framework (Regulates security tokens, crypto derivatives, and licensed digital asset intermediaries in Global Jurisdiction.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's FMA licence number and check our 19 recorded licence entries?
Our database currently tracks 19 licence records referencing FMA (17 marked regulated or registered). To verify a counterparty at the primary source, open FMA's official public register (http://fma.govt.nz/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from Euro Firm Ledger relevant to FMA and Global Jurisdiction.
Competent Authorities
UCITS V Liquidity Management Tool — Supervisory Convergence Note: 2026 Institutional Audit & Desk Controls
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Competent Authorities
Credit Rating CRA Registration — Passporting Notification Log: 2026 Institutional Audit & Desk Controls
2026 institutional desk audit of credit rating cra registration focusing on passporting notification log. Covers statutory register tie-out (FMA-AT), 12.5 bps quantitative benchmarks, mathematical calibration, and compliance verification workflows.
Regulation and Institutional Markets
European Stocks Rise as STOXX 600 Gains 0.9% on Falling Oil Prices Ahead of US Inflation Data: DAX, CAC, FTSE100 - Yahoo Finance UK
European Stocks Rise as STOXX 600 Gains 0.9% on Falling Oil Prices Ahead of US Inflation Data: DAX, CAC, FTSE100 - Yahoo Finance UK: Institutional summary of the primary material (0.9%). Cross-reference official supervisory registers for live updates.
Political Finance
French far right reaches preliminary agreement with European banks for campaign loan - Le Monde.fr
French far right reaches preliminary agreement with European banks for campaign loan - Le Monde.fr: French far right reaches preliminary agreement with European banks for campaign loan Le Monde.fr
Statutory licensing classes, base capital rules, and investor protection summaries for FMA (Global Jurisdiction) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on FMA’s official public register.