Financial Markets Conduct Act 2013

Dealing in financial products on markets - Transfer of transferable financial products - Transfer of specified financial products using transfers in prescribed form or containing prescribed information

374: Products transfer does not need to be witnessed

You could also call this:

"Transferring some financial products doesn't need a witness to sign."

Illustration for Financial Markets Conduct Act 2013

When you transfer certain financial products, you do not need someone to witness you signing the transfer. This rule applies when you are transferring products under section 372 or 373(1)(a) of the Financial Markets Conduct Act 2013. You can find more information about these sections by looking at the links to section 372 and 373(1)(a).

This rule does not change any other laws or rules that say how companies or other organisations should sign documents. These laws and rules still apply to companies and organisations. They must still follow their own rules for signing documents.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091543.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rules

373: Transfer of specified financial products by products transfer and brokers transfer, or

"Transferring financial products: two ways to buy and sell"

375: Transfers to be instruments of transfer for purposes of other enactments and instruments, or

"Transfers of financial products are treated as official documents under the law."

Part 5Dealing in financial products on markets
Transfer of transferable financial products: Transfer of specified financial products using transfers in prescribed form or containing prescribed information

374Products transfer does not need to be witnessed

The execution of a products transfer for the purposes of section 372 or 373(1)(a) does not need to be witnessed.
Subsection (1) does not affect any enactment, rule of law, constitution, deed, or agreement regulating the execution of documents by companies or other bodies corporate or by any particular company or body corporate.

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1991 No 119 s 5