About the standards
The regulator has issued the FMI standards along with guidance on those standards, and a Guidance Note for overseas FMI.
The standards and guidance set out obligations that designated FMI must comply with. Some standards only apply to certain classes of FMI. The standards and guidance are based on the relevant international standards — the Principles for Financial Market Infrastructures (PFMI). They have been adapted to align with New Zealand legal norms and the New Zealand operating environment for designated FMIs.
FMI that are designated in New Zealand but based in and regulated in another jurisdiction may be classed as an equivalent overseas FMI. This means that we rely on the home jurisdiction regulation and supervision and fewer standards apply. The overseas guidance note contains the overseas equivalence framework.
See the full list of standards and guidance by FMI class