This part of the law applies to you if you have a licence to provide certain services. You must follow the rules in this part if you provide services like managing people's investments or selling derivatives to them. You also have to follow these rules if you provide a special kind of intermediary service, but only if the regulations say you have to.

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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=DLM4091619.

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428: Miscellaneous provisions relating to false or misleading statements and omissions, or

"Telling the truth: rules about making statements that might be false or misleading"

430: Need for client agreement, or

"Companies helping you invest must have an agreement with you before they start."

Part 6Licensing and other regulation of market services
Requirement for certain services to be provided under client agreements

429Application of subpart

This subpart applies to a licensee or an authorised body in respect of any of the following services provided under the licence:
the provision of a discretionary investment management service that is a retail service:
acting as a derivatives issuer in respect of a derivative offered under a regulated offer:
the provision of a prescribed intermediary service (but only if the regulations state that this subpart applies).