The New Zealand Government has called for submissions as part of a review of Financial Markets Authority (FMA) funding.

A consultation document sets out three options, with feedback due by Monday August 22.

“The FMA’s budget was set in 2011, prior to the implementation of the Financial Markets Conduct Act 2013,” Commerce and Consumer Affairs Minister Paul Goldsmith said.

“This Act has led to the FMA having significantly greater functions and responsibilities.

“We want to hear what consumers, industry groups, financial market participants and businesses that have an interest in the FMA think of the options presented and proposed changes to the FMA levy.”

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