The FMA can extend a time period that applies to you under section 65(1)(a). This extension is done by giving you a written notice. The new time period cannot be longer than 10 working days after you lodge your PDS with the Registrar.

The FMA has to send a copy of this notice to the Registrar. You will know when the time period is extended because the FMA will tell you in writing. The FMA will make sure the Registrar is informed about the extension.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091014.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rules

65: Waiting period after lodgement before processing applications for financial products, or

"Companies must wait before accepting your application to buy a financial product"

67: Waiting period restriction does not prevent offeror from acting under another PDS, or

"You can still use another document for a financial product if one document has a waiting period."

Part 3Disclosure of offers of financial products
Procedure for making regulated offers: Other provisions relating to lodging of PDS and other documents

66FMA may extend period

The FMA may extend the period under section 65(1)(a) by notice in writing to the offeror.
The period, as extended, must end no later than 10 working days after lodgement of the PDS with the Registrar.
The FMA must give a copy of the notice under subsection (1) to the Registrar.