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Financial Markets Authority Act 2011

Financial Markets Authority - Miscellaneous matters

24: Evidence of orders and decisions of FMA

You could also call this:

“How the FMA proves its decisions in court”

If the Financial Markets Authority (FMA) makes an order or decision, they can create a special document called a certificate. This certificate is signed by the chairperson of the FMA. The certificate describes the order or decision, or has a copy of it attached. It also says when the FMA made the order or decision.

If there’s a legal proceeding about the FMA’s work, this certificate can be used as proof. It shows that the FMA really did make that order or decision on the date written in the certificate. People will believe what the certificate says unless someone can prove it’s not true.

This rule helps make it easier to show what the FMA has done without having to bring lots of other evidence to court.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231088.

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Part 2 Financial Markets Authority
Miscellaneous matters

24Evidence of orders and decisions of FMA

  1. In any proceeding under this Act or any other enactment, a certificate purporting to be signed by the chairperson and certifying that an order or a decision described in, or a copy of which is attached to, the certificate was made by the FMA on a date specified in the certificate is sufficient evidence, until the contrary is proved, that the order or decision was so made by the FMA.

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