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Takeovers Act 1993

Takeovers Panel

15A: Sharing of information and documents with FMA

You could also call this:

"The Takeovers Panel can share information with the Financial Markets Authority to help them do their job."

Illustration for Takeovers Act 1993

The Takeovers Panel can give information or documents to the Financial Markets Authority (FMA) if they are related to the Panel's work. You can think of the Panel's work as the things they do to make sure companies follow the rules when taking over other companies. The Panel can share this information if they think it will help the FMA do their job. The FMA has its own set of rules to follow, which are outlined in the Financial Markets Authority Act 2011. The Panel can use information or documents given to them by the FMA under section 30 of the Financial Markets Authority Act 2011 to help them make decisions. This means the Panel can share information even if there's a contract or document that says they can't. Nothing in this rule affects the Privacy Act 2020.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM325840.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rulesBusiness > Fair trading
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15: Powers, or

"What powers are allowed under the Takeovers Act 1993"

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15B: Sharing of information and documents with Commerce Commission, or

"Sharing information to help companies and consumers"

Part 1Takeovers Panel

15ASharing of information and documents with FMA

  1. The Panel may provide to the FMA any information, or a copy of any document, that the Panel—

  2. holds in relation to the exercise of the Panel's powers or the performance of its functions and duties; and
    1. considers may assist the FMA in the exercise of the FMA's powers or the performance of its functions and duties under any enactment.

      1. The Panel may use any information, or a copy of any document, provided to it by the FMA under section 30 of the Financial Markets Authority Act 2011 in the Panel's exercise of its powers or the performance of its functions and duties.

      2. This section applies despite anything to the contrary in any contract, deed, or document.

      3. Nothing in this section limits the Privacy Act 2020.

      Notes
      • Section 15A: replaced, on , by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).
      • Section 15A(4): amended, on , by section 217 of the Privacy Act 2020 (2020 No 31).