Have Your Say On Financial Markets Conduct Amendment Bill
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.
Make a submission on the bill by 11.59pm on Monday, 23 June 2025.
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