Part 2Fair dealing
Misleading or deceptive conduct, false or misleading representations, and unsubstantiated representations
33Territorial scope of sections 19 to 23
Sections 19 to 23 apply to—
- conduct in New Zealand; and
- conduct outside New Zealand by any person resident, incorporated, registered, or carrying on business in New Zealand to the extent that that conduct relates to dealing in financial products, or the supply of a financial service, that occurs (in part or otherwise) within New Zealand.
Sections 19 to 23 also apply to a restricted communication that is distributed or to be distributed to a person outside New Zealand by any person resident, incorporated, registered, or having a principal place of business in New Zealand.
Despite anything to the contrary in Part 8, only the FMA may commence a proceeding or make an application under that Part in relation to conduct to which this Part applies by virtue of subsection (2).
In this section, registered means registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.