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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Disclosure obligations for certain services provided to retail investors

422: Application of subpart

You could also call this:

"Rules for people with licences to provide certain financial services"

Illustration for Financial Markets Conduct Act 2013

This part of the law applies to you if you have a licence to provide certain services. You must follow this part of the law if you provide a discretionary investment management service to ordinary people. You must also follow this part of the law if you provide a prescribed intermediary service, but only if the regulations say you have to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091611.

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421: Consequences of failure to comply with directions, or

"What happens if you don't follow the rules you're given by the Financial Markets Authority"

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423: Disclosure must be made to retail investor, or

"Companies must tell you important information when they sell you something"

Part 6Licensing and other regulation of market services
Disclosure obligations for certain services provided to retail investors

422Application of subpart

  1. This subpart applies to a licensee or an authorised body in respect of any of the following services provided under a licence:

  2. the provision of a discretionary investment management service that is a retail service:
    1. the provision of a prescribed intermediary service (but only if the regulations state that this subpart applies).