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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Operation of licensed markets

354: Details and method of notification

You could also call this:

"Telling someone about a problem: what to include and how to do it"

Illustration for Financial Markets Conduct Act 2013

When you give a notice under section 352, it must include your name and contact details. You must also say why you are taking a disciplinary action if that is what the notice is about. If the notice is about a rule being broken, you must explain what you think happened and which rule was broken.

You must give the notice in the way the regulations say, if they say how it must be done. The notice must also include any other information the regulations or the FMA say is needed under section 357. The FMA is the Financial Markets Authority.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091517.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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353: When notification required, or

"Tell us when someone does something very wrong"

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355: Licensed market operator must ensure FMA has access to real-time trading and other information, or

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Part 5Dealing in financial products on markets
Operation of licensed markets

354Details and method of notification

  1. The notice under section 352 must include—

  2. the person's name and contact details; and
    1. if it relates to a disciplinary action, the grounds for, nature of, and reasons for the action taken; and
      1. if it relates to a known or suspected contravention, the facts supporting the licensed market operator's view and the obligation to which the known or suspected contravention relates; and
        1. any other information required by the regulations or by the FMA under section 357.

          1. The licensed market operator must give the notice in the form and by the method required by the regulations (if any).

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