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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Key provisions

390: When providers of other market services may be licensed

You could also call this:

"Who can get a licence to provide special financial services?"

Illustration for Financial Markets Conduct Act 2013

You can get a market services licence to provide certain services. You can get a licence to act as a provider of prescribed intermediary services, like a person-to-person lending intermediary or a crowd funding intermediary. You can also get a licence to act as an administrator of a financial benchmark.

You should check clause 6 of Schedule 1 for rules about offers through licensed intermediaries. You should also check subparts 4 and 5 of this Part for other rules that may apply to these services. These rules can help you understand what you need to do to provide these services.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091565.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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"When you don't need a special licence to provide market services"

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Part 6Licensing and other regulation of market services
Key provisions

390When providers of other market services may be licensed

  1. In addition, a person may hold a market services licence—

  2. to act as a provider of prescribed intermediary services (for example, a person-to-person lending intermediary or a crowd funding intermediary if prescribed by regulations); or
    1. to act as an administrator of a financial benchmark.

      1. See clause 6 of Schedule 1 for exclusions for offers through licensed intermediaries and subparts 4 and 5 of this Part for other provisions that may govern these services.

      Notes
      • Section 390(1): replaced, on , by section 37 of the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 (2019 No 46).