The New Zealand Financial Markets Authority (FMA) has published its Statement of Performance Expectations (SPE) for 2025/26, setting out how it will measure and report progress against its performance measures and targets and including forecast financial statements for the year. The SPE is issued annually and is intended to complement the FMA’s Statement of Intent 2024–2028, which sets out its medium-term strategic objectives. The FMA notes the two documents should be read together to understand its performance measures and reporting framework.