The FMA can make an order under this Act with terms and conditions they choose. You can think of terms and conditions like rules that must be followed. The FMA has the power to decide what these rules are.
The FMA can also change an order they have already made, in the same way they made it. This means they can add, remove or modify the terms and conditions of the order. The FMA can do this as they see fit.
The FMA can cancel an order or stop it from being used for a while, with terms and conditions they think are right. They can decide to do this on their own, and they get to choose the terms and conditions. This is part of the FMA's power under this Act, which you can learn more about by looking at the Financial Markets Conduct Act 2013 and other related laws like the one mentioned in the link to section 42I.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091691.
477: FMA must give notice after making orders, or
"The law says FMA must tell people about new orders they make, and give them important details in writing."
479: Consequences of failing to comply with FMA's orders, or
"What happens if you don't follow the Financial Markets Authority's orders"
The FMA may make an order under this Act on the terms and conditions that the FMA thinks fit.
The FMA may vary an order in the same way as it may make the order under this Act.
The FMA may revoke an order or suspend an order on the terms and conditions it thinks fit.
