The New Zealand Financial Markets Authority (FMA) is seeking stakeholder feedback on how its current standard licence conditions could be streamlined, as part of planned operational changes linked to proposed financial service reforms. The Government is proposing legislative changes that would require the FMA to issue a single licence to firms approved to provide two or more market services. Alongside associated Financial Markets Conduct Act changes, the FMA plans to simplify supervision and communications with licensees, including potentially using a single form (rather than multiple forms) for firms to notify business changes. A broader work programme will also target streamlining and better aligning standard conditions, the licence application process and regulatory returns across market services, including standardising applications via the FMA’s online portal and moving away from paper-based applications. Submissions close at 5pm on Friday 25 July.
New Zealand Financial Markets Authority 2025-05-30
New Zealand Financial Markets Authority consults on streamlining licence standard conditions and processes for a proposed single-licence regime
The New Zealand Financial Markets Authority seeks stakeholder feedback on streamlining standard licence conditions as part of proposed financial service reforms, including issuing a single licence for firms providing multiple market services and simplifying supervision and communications. The initiative aims to standardize applications via the FMA’s online portal and move away from paper-based processes, with submissions due by 5pm on Friday, 25 July.