The purposes of this part of the law are to help companies be well-run and to stop people from doing unfair things in financial markets. You can think of insider conduct as when someone uses secret information to make money from trading, and market manipulation as when someone tries to unfairly influence the price of a financial product. This is done by making sure people know when directors and senior managers of companies buy or sell the company's financial products, and by checking when trades happen compared to when important information about the company becomes public.

This part of the law also helps make sure that people can see when directors and senior managers are buying or selling financial products in the companies they work for. It does this by keeping track of when trades are made and when important information about the company is made public, so that you can compare the two and make sure everything is fair.

This section of the law does not change or limit what is said in section 3, 4, or 229, which are other parts of the Financial Markets Conduct Act 2013 that you might want to look at to understand more about how financial markets are regulated in New Zealand.