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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

423: Disclosure must be made to retail investor

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

If you get a service from a company that is licensed to provide it, they must give you a disclosure statement. This statement tells you important information about the service you are getting. You should get this statement because the company is required to follow the Financial Markets Conduct Act 2013 and its regulations when they give it to you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091612.

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422: Application of subpart, or

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

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424: Timing and method of disclosure, or

"When you get important investment information and how you receive it"

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

423Disclosure must be made to retail investor

  1. A licensee or an authorised body that provides a service to which this subpart applies must ensure that a disclosure statement relating to the service is provided to each retail investor who receives the service, in accordance with this Act and the regulations.