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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Licensing of markets for trading financial products - Approval of contractual market rules

329: When market rules have effect

You could also call this:

"When do market rules actually start working?"

Illustration for Financial Markets Conduct Act 2013

A market rule is a set of rules for a licensed market. You need to know that these rules do not work until they are approved under section 331. This approval is important for the rules to have effect, either in contract or for the purposes of section 327.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091483.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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328: Required matters for market rules, or

"Rules to Keep Trading Fair and Safe"

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330: Approval process for proposed market rules and rule changes, or

"How the Financial Markets Authority approves or declines new market rules"

Part 5Dealing in financial products on markets
Licensing of markets for trading financial products: Approval of contractual market rules

329When market rules have effect

  1. A market rule, or change to a market rule, for a licensed market has no effect, either in contract or for the purposes of section 327, until it has been approved under section 331.