Financial Markets Conduct Act 2013

Dealing in financial products on markets - Licensing of markets for trading financial products - Changes to licences

326: Variation or revocation of suspension

You could also call this:

"The Minister can change or cancel a stopped licence at any time."

Illustration for Financial Markets Conduct Act 2013

The Minister can change or cancel a suspension of a financial product market licence at any time. You will know this has happened because the Minister will send a written notice to the licensed market operator. The Minister has the power to make this decision and inform the operator in writing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091479.


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325: Effect of suspension, or

"What happens when your financial licence is suspended"


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327: Licensed markets must be operated under market rules that comply with this subpart, or

"Licensed markets must follow their own rules to work fairly and safely."

Part 5Dealing in financial products on markets
Licensing of markets for trading financial products: Changes to licences

326Variation or revocation of suspension

  1. The Minister may at any time vary or revoke a suspension of a financial product market licence by giving written notice to the licensed market operator.