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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Operation of licensed markets

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

You could also call this:

"Licensed market operators must share real-time trading info with the Financial Markets Authority."

Illustration for Financial Markets Conduct Act 2013

If you are a licensed market operator, you must give the Financial Markets Authority (FMA) the information they need to watch what is happening on your market in real time. The FMA will ask you for this information if they need it. You can find more information about this in the Financial Markets Authority rules. The FMA will pay you for the reasonable costs of giving them this information. This helps the FMA make sure everything is working properly on your market.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091518.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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354: Details and method of notification, or

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

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356: Waiver of notification and disclosure obligations, or

"When the Financial Markets Authority can let you off from following some rules about sharing information"

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

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

  1. A licensed market operator must, if requested by the FMA, give to the FMA the information that is necessary to enable the FMA to carry out real-time surveillance of the operation of the licensed market.

  2. The FMA must pay all reasonable costs of the licensed market operator in providing the information under this section.

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