Membership
NZFMA Membership Categories:
Financial Markets Member
A Financial Markets Member must be a Financial Markets Entity:
- Any entity or body (whether incorporated or not, but not including an individual) participating in, or carrying on business in wholesale banking and financial markets in New Zealand or overseas; and
- Such other entity or body at any time and from time to time that the Board determines to be a Financial Markets Entity.
Categories of Financial Markets Members:
Each Financial Markets Member will be categorised as either:
- A Large Financial Markets Member; or
- A Medium Financial Markets Member; or
- A Small Financial Markets Member.
Rights of Financial Markets Members
Financial Markets Members, depending on their category, have a specified number of votes at General Meetings, being either the Annual General Meeting or a Special General Meeting.
- A Large Financial Markets Member has three votes
- A Medium Financial Markets Member has two votes
- A Small Financial Markets Member has one vote.
Financial Markets Members can:
- attend, be heard and vote at any Board meeting, Annual General Meeting or Special Meeting, having the same number of allotted votes depending on their category of membership.
- appoint a Financial Markets Member Director and nominate Eligible Directors to the NZFMA Board.
- be appointed by the Board as a Representative to NZFMA Committees and Working Groups.
International Member
An International Member must be:
- A bank registered in its country of operation by the appropriate regulatory authority and
- an active participant in the New Zealand wholesale financial markets.
Financial Intermediary Member
A Financial Intermediary Member must be:
- an entity that facilitates and/or executes financial markets transactions between Financial Markets Entities.
Affiliate Member
An Affiliate Member is an entity that is:
- a central bank, statutory authority, official regulator or similar regulatory body governing, regulating or administering financial markets in New Zealand or elsewhere; or
- a New Zealand Public Service department; or
- a not-for-profit financial markets industry association; or
- a not-for-profit financial markets standard setter.
Partner Member
A Partner Member is an entity which offers services to Financial Markets Entities.
Rights of International Members, Financial Intermediary Members, Affiliate Members and Partner Members
International Members, Financial Intermediary Members, Affiliate Members and Partner Members can:
- attend, but not vote at, any Board meeting, Annual General meeting and Special meeting
- be appointed by the Board, as a Member Attendee, on NZFMA Committees and Working Groups.
View the list of current NZFMA members
Expressions of interest for NZFMA Membership
You will find more information on NZFMA membership in the NZFMA Rules of Association.
All applications for membership are subject to consideration and approval by the NZFMA Board.
Please contact NZFMA by email to express interest in NZFMA membership.