Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Dealing in financial products on markets - Disclosure of interests of substantial product holders in listed issuers - Substantial holding disclosure obligations

280: What disclosure required

You could also call this:

"Telling others about your big investments: what you must disclose"

Illustration for Financial Markets Conduct Act 2013

When you have a substantial holding, you must tell the listed issuer and the operator of the licensed market about certain things. You must disclose the matters required under sections 276 to 279 or section 289 to them. You also need to disclose any other relevant information about the event or your substantial holding that the regulations require, and you must do this in the prescribed manner. The disclosure must include any extra information that is prescribed, which means it must be accompanied by or have attached any prescribed information.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091407.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

279: Persons must disclose if cease to have substantial holding, or

"You must tell others if you stop owning a big share of a company."

Next

281: Form and method of disclosure, or

"Telling people information in the right way"

Part 5Dealing in financial products on markets
Disclosure of interests of substantial product holders in listed issuers: Substantial holding disclosure obligations

280What disclosure required

  1. A person must disclose the matters required to be disclosed under any of sections 276 to 279 or section 289 to—

  2. the listed issuer; and
    1. every operator of a licensed market by which the financial products of the listed issuer are quoted.

      1. The person must also disclose, in the prescribed manner, any further matters relating to those matters, the relevant event, or the substantial holding that are required by the regulations.

      2. The disclosure must also be accompanied by, or have annexed, any prescribed information.

      Compare