Listed companies, their advisors and industry bodies have given the Financial Markets Authority a pass grade on its second report card since the market regulator was formed two years ago.
The FMA quizzed some of the market's biggest participants about its performance so far, and found there's broad recognition it's doing a good job, but there are areas to improve on as well.
One of the biggest things the market thinks the regulator could do better was to improve investor education.
FMA chief executive Sean Hughes, who steps down at Christmas, says that finding was no surprise because investor education is vital to improving the health and competence of New Zealand's markets.
