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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Operation of licensed markets

357: Licensed market operator must give FMA or Takeovers Panel other information and assistance on request

You could also call this:

"Licensed market operators must help the FMA or Takeovers Panel with information and access when asked."

Illustration for Financial Markets Conduct Act 2013

If you are a licensed market operator, you must give information and help to the FMA or the Takeovers Panel when they ask for it. They might ask for this so they can do their job properly. You must also let them use your facilities if they need to.

The FMA or the Takeovers Panel must ask you for the information, help, or access in a written notice. This means they have to send you a letter or document asking for what they need.

You can find more about this in the Financial Markets Conduct Act 2013 and also compare it to the 1988 No 234 s 36ZK to see how it has changed.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091521.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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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"

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358: Power to disclose further information, or

"Telling authorities more information to help them do their job"

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

357Licensed market operator must give FMA or Takeovers Panel other information and assistance on request

  1. A licensed market operator must give to the FMA or the Takeovers Panel (or any person authorised by the FMA or the Takeovers Panel) information, assistance, and access to the licensed market operator's facilities if the FMA or the Takeovers Panel reasonably requests it in order to carry out its functions.

  2. The FMA or the Takeovers Panel must require that information, assistance, or access by notice in writing to the licensed market operator.

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