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Financial Markets Conduct Act 2013

Preliminary provisions - Purposes

4: Additional purposes

You could also call this:

"What extra things this law is trying to achieve for you and financial markets"

This Act has some extra purposes. You will get timely and accurate information to help you make decisions about financial products or services. The Act also aims to reduce risks and costs, and to promote innovation and flexibility in financial markets.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4090586.

Topics:
Money and consumer rights > Consumer protectionMoney and consumer rights > Banking and loansBusiness > Fair tradingBusiness > Industry rules
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3: Main purposes, or

"What the Financial Markets Conduct Act 2013 is trying to achieve"

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5: Overview, or

"A law to keep money and investments fair and safe for you in New Zealand."

Part 1Preliminary provisions
Purposes

4Additional purposes

  1. This Act has the following additional purposes:

  2. to provide for timely, accurate, and understandable information to be provided to persons to assist those persons to make decisions relating to financial products or the provision of financial services:
    1. to ensure that appropriate governance arrangements apply to financial products and certain financial services that allow for effective monitoring and reduce governance risks:
      1. to avoid unnecessary compliance costs:
        1. to promote innovation and flexibility in the financial markets.