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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Disclosure of relevant interests in quoted financial products by directors and senior managers of listed issuers

301: Disclosure obligation applies for 6 months after ceasing to hold office

You could also call this:

"Ex-directors and managers must follow rules for 6 months after leaving their job."

Illustration for Financial Markets Conduct Act 2013

If you used to be a director or senior manager of a company, you still have to follow certain rules for 6 months after you stop working in that role. You have to keep doing what this part of the law says you must do for those 6 months. This is because, for the purposes of this law, you are still considered a director or senior manager for that time.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091445.

Topics:
Business > Industry rulesMoney and consumer rights > Banking and loans
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300: Form and method of disclosure, or

"How bosses must tell people about their interests and dealings"

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302: Exemption for directors or senior managers who disclose substantial holdings, or

"Directors and senior managers don't have to report some big share holdings if they already disclose them in another way."

Part 5Dealing in financial products on markets
Disclosure of relevant interests in quoted financial products by directors and senior managers of listed issuers

301Disclosure obligation applies for 6 months after ceasing to hold office

  1. A person is treated as being a director or senior manager for the purposes of this subpart for 6 months after that person ceases to be a director or senior manager, and must continue to comply with this subpart for that period.

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