Financial Markets Conduct Act 2013

Dealing in financial products on markets - Transfer of transferable financial products - Registration may not be refused

379: Registration may not be refused on ground that financial products have been transferred under this subpart

You could also call this:

"You can't be stopped from registering a transfer just because you followed the rules to transfer financial products."

Illustration for Financial Markets Conduct Act 2013

If you transfer financial products according to certain rules, like those in section 372, 373, or 377, nobody can refuse to register the transfer just because you used those rules. You can't be refused because you didn't use a different method to transfer the products. If you have a reason to refuse a transfer, you can still do that, this rule doesn't change anything else.

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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=DLM4091550.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading

378: Minor technical modifications to system, or

"Make small technical changes to an approved system"

380: Effect of this Act on other enactments, or

"This law overrides other laws when they disagree, and you must follow its rules and orders."

Part 5Dealing in financial products on markets
Transfer of transferable financial products: Registration may not be refused

379Registration may not be refused on ground that financial products have been transferred under this subpart

If financial products have been transferred in accordance with section 372, 373, or 377, no person may refuse to register the transfer on the ground that the financial products have been so transferred or that the financial products have not been transferred by other means.
Nothing in this section affects any right a person has to refuse to register a transfer of securities on any other ground.

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1991 No 119 s 8