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Financial Markets Authority Act 2011

General information-gathering and enforcement powers - Miscellaneous provisions relating to powers - FMA may authorise person to obtain information or documents

53: Requirements for persons authorised to obtain information or documents

You could also call this:

“Rules for people allowed to get special information for the FMA”

The Financial Markets Authority (FMA) can let some people get information or documents. But there are rules about who can do this and how they should do it.

The FMA has to make sure that the person they choose is good at their job. This means the person needs to be well-trained or have the right skills. The FMA can also pick someone who belongs to a group of people who are good at this kind of work.

If you’re one of these special people chosen by the FMA, you have to show proof that you’re allowed to do this job. This means if someone asks you to show that you have permission, you need to be ready to prove it. You should carry something that shows you’re allowed to get the information or documents.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231743.

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52: Power to authorise person to obtain information or documents, or

"FMA can let others collect information for them"

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54: Non-disclosure of information or documents from exercise of powers under section 25 except in certain circumstances, or

"When and how you can share special information from section 25"

Part 3 General information-gathering and enforcement powers
Miscellaneous provisions relating to powers: FMA may authorise person to obtain information or documents

53Requirements for persons authorised to obtain information or documents

  1. The FMA must not authorise a person under section 52 unless the FMA is satisfied that the person is suitably qualified or trained, or the person is a member of a class of persons who are suitably qualified or trained, to exercise a power under section 25(1)(a) to (c).

  2. A person authorised by the FMA to exercise a power under section 25(1)(a) to (c) must, if requested at the time of exercising the power, produce evidence of that person's authority to exercise the power.

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