MBIE consultation open on FMA funding, the FMA levy, the XRB levy and Companies Office Fees
08 August 2016
The Financial Markets Authority (“FMA”) has been working with the Ministry of Business, Innovation and Employment (“MBIE”) to review the funding model for the FMA, the External Reporting Board (“XRB”) and Companies Office.
MBIE has published a consultation paper on the reviewed funding model for the above entities. The consultation paper sets out three potential funding options, and indicates the level of funding that is believed to be appropriate and would enable these entities to support good conduct, good customer outcomes and growth and integrity in our capital markets.
Submissions must be made to MBIE by Monday, 22 August 2016. The consultation paper is available here.