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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

339: FMA must make written report on market operator obligations review

You could also call this:

"The law says the FMA must write a report about how well market operators are doing their job."

Illustration for Financial Markets Conduct Act 2013

The FMA has to write a report about their review of market operator obligations. You can find out more about this review in section 338. The FMA must give this report to the Minister and the licensed market operator as soon as they can after doing the review.

The FMA also has to give the report to the Minister and the licensed market operator within 3 months after the licensed market operator gives its own report to the FMA, which is explained in section 337. The FMA will publish the report on their website.

The FMA might leave out some information from the report if they think there is a good reason to keep it secret, based on the Official Information Act 1982.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091495.

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

"The FMA checks if market operators are doing their job properly."

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"If a market operator breaks the rules, they must give the FMA a plan to fix it."

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

339FMA must make written report on market operator obligations review

  1. The FMA must give a written report on a review under section 338 to the Minister and the licensed market operator—

  2. as soon as practicable after carrying out the review; and
    1. in any case, within 3 months after the licensed market operator has provided its report to the FMA under section 337.

      1. The FMA must also publish the written report on the review on an Internet site maintained by or on behalf of the FMA.

      2. However, the FMA may, in publishing the written report of its review, omit from the published report any information for which it considers there would be a good reason for withholding under the Official Information Act 1982 if a request for that information were made under that Act.

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