Plain language law

New Zealand law explained for everyone

Financial Service Providers (Registration and Dispute Resolution) Act 2008

Preliminary provisions

2A: Purposes of this Act

You could also call this:

“This law aims to make money-related activities safe, fair, and easy to understand for everyone”

This law has two main goals. First, it wants to help businesses, investors, and consumers feel confident and well-informed when they take part in financial markets. Second, it aims to encourage and support the growth of financial markets that are fair, work well, and are open about how they operate.

You can think of financial markets as places where people and businesses buy and sell things like stocks, bonds, and other financial products. This law wants to make sure that everyone involved in these markets knows what they’re doing and feels secure about it. It also wants to make sure that these markets are set up in a way that’s fair to everyone, runs smoothly, and doesn’t hide anything important.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6197300.

Topics:
Money and consumer rights > Banking and loans Money and consumer rights > Consumer protection Business > Fair trading Business > Industry rules
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2: Commencement, or

"When this law starts working and how it's decided"

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3: Overview, or

"This law explains who needs to be registered to provide money services and how to handle complaints"

Part 1 Preliminary provisions

2APurposes of this Act

  1. The purposes of this Act are—

  2. to promote the confident and informed participation of businesses, investors, and consumers in the financial markets; and
    1. to promote and facilitate the development of fair, efficient, and transparent financial markets.

      Notes
      • Section 2A: inserted, on , by section 4 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).