Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of discretionary investment management services

432: Application of subpart

You could also call this:

"This law applies to people who manage others' money or property for investment decisions."

Illustration for Financial Markets Conduct Act 2013

This part of the law applies to you if you have a licence to provide a discretionary investment management service to ordinary people. You must be providing a service that helps people make investment decisions, and you are in charge of their money or property. This law also applies to you if you are looking after money or property for someone who provides this kind of investment service.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM4091622.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

431ZJ: Application of Trusts Act 2019, or

"Rules for trusts set up for a specific purpose, and what parts of the Trusts Act 2019 do not apply"

Next

432A: Meaning of discretionary investment management service and related terms, or

"What it means to manage someone's investments and make decisions about their money"

Part 6Licensing and other regulation of market services
Additional regulation of discretionary investment management services

432Application of subpart

  1. This subpart applies to—

  2. a DIMS licensee in respect of the provision of a discretionary investment management service that is a retail service under a licence:
    1. a person who acts as a custodian of investor money or investor property under a discretionary investment management service of that kind.