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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Licensing of markets for trading financial products - Monitoring of market operator obligations

337: Licensed market operator must give report on compliance with market operator obligations to FMA

You could also call this:

"Licensed market operators must report to the FMA how they followed the rules within 3 months of their financial year ending."

Illustration for Financial Markets Conduct Act 2013

If you are a licensed market operator, you must give a report to the FMA and the Minister. You have to do this within 3 months after your reporting period ends. The report is about how well you followed your market operator obligations in the previous reporting period.

The report you give must include certain information about how you performed against your obligations. The FMA will tell you what information to include before your reporting period starts.

Your reporting period is usually your financial year, but it can be longer if it is stated in your licence conditions. You can compare this to the 1988 legislation for more information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091492.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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"How laws about regulations apply to market rules"

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338: FMA to carry out market operator obligations reviews, or

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Part 5Dealing in financial products on markets
Licensing of markets for trading financial products: Monitoring of market operator obligations

337Licensed market operator must give report on compliance with market operator obligations to FMA

  1. A licensed market operator must, within 3 months after the end of its reporting period, give a report to the FMA and the Minister on the extent to which it has complied with its market operator obligations in the preceding reporting period.

  2. The report must contain, or be accompanied by, the information (if any) in relation to the licensed market operator's performance against its market operator obligations specified by the FMA before the commencement of the relevant reporting period.

  3. The reporting period for the purposes of this subpart is the financial year of the licensed market operator or any longer reporting period set in the conditions of the licence.

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