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Financial Markets Conduct Act 2013

Governance of financial products - Registers and keeping copies of documents - Registers

226: Certain provisions prevail over Companies Act 1993

You could also call this:

"Some Financial Markets Conduct Act rules are more important than Companies Act rules"

Illustration for Financial Markets Conduct Act 2013

If you are looking at rules in the Financial Markets Conduct Act 2013, you need to know that some rules are more important than others. When a rule from sections 221 to 225 does not agree with a rule in the Companies Act 1993, the rule from sections 221 to 225 is the one that you must follow. This means that if there is a disagreement between these two sets of rules, the rules from sections 221 to 225 in the Financial Markets Conduct Act 2013 will prevail.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091258.

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225: Restriction on use of information in registers, or

"Don't use register information to contact people or share it with others who might."

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227: Copies of documents must be retained for 7 years, or

"Keep important financial documents for at least 7 years"

Part 4Governance of financial products
Registers and keeping copies of documents: Registers

226Certain provisions prevail over Companies Act 1993

  1. If a provision of sections 221 to 225 is inconsistent with a provision in the Companies Act 1993, the provision of sections 221 to 225 prevails.