If you are a licensed market operator, you must give notice under section 352 immediately after you take disciplinary action or find out that someone has done something wrong, is doing something wrong, or might do something wrong that is very serious. You have to do this as soon as you know or suspect that the person has committed, is committing, or is likely to commit a significant contravention. The notice is given under section 352 and it must be done right away.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
This page was last updated on
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091516.
352: Licensed market operator must notify FMA of disciplinary actions and suspected contraventions, or
"Tell the FMA if someone breaks market rules or you take action against them"
354: Details and method of notification, or
"Telling someone about a problem: what to include and how to do it"
The licensed market operator must give the notice under section 352 immediately after taking the disciplinary action or knowing or suspecting the person has committed, is committing, or is likely to commit a significant contravention.
