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Financial Markets Conduct Act 2013

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

380: Effect of this Act on other enactments

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

This part of the Financial Markets Conduct Act 2013 applies even if other laws or agreements say something different. You need to follow this part, but you also need to follow any orders made under this Act.

If you want to transfer financial products, you can still do it in other ways that are not part of this part of the Act.

Some sections of the Companies Act 1993, such as sections 35, 39(1), and 84, must be read in a way that takes into account the rules in this part of the Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091551.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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379: Registration may not be refused on ground that financial products have been transferred under this subpart, or

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

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381: Definitions relating to unsolicited offer regulations and related provisions, or

"What 'unsolicited offer' means in finance and law"

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

380Effect of this Act on other enactments

  1. This subpart has effect despite anything to the contrary in any enactment, rule of law, constitution, deed, or agreement (but subject to any order made under this Act).

  2. Nothing in this subpart affects the validity of any means of transferring financial products other than under this subpart.

  3. Sections 35, 39(1), and 84 of the Companies Act 1993 must be read subject to the provisions of this subpart.

Compare
  • 1991 No 119 s 9