Glossary
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Authorised body
An entity named on a financial institution’s licence that can provide the licensed service without needing their own licence.
CoFI Act
Financial Markets (Conduct of Institutions) Amendment Act 2022
CoFI regime
New regime being introduced under the Financial Markets (Conduct of Institutions) Amendment Act 2022
Fees Regulations
Financial Markets Conduct (Fees) Regulations 2014
Financial institutions
Banks, insurers, and non-bank deposit takers
Financial institution licence
A licence issued by the Financial Markets Authority (FMA) that covers the service of ‘acting as a financial institution’
FMA
Financial Markets Authority
FMC Act
Financial Markets Conduct Act 2013
MBIE
Ministry of Business, Innovation and Employment
NBDT
Non-bank deposit taker
Reserve Bank
Reserve Bank of New Zealand