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Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - Civil liability - Overview of civil liability

484: Overview of civil liability

You could also call this:

"What happens if you break the rules: orders you might get"

Illustration for Financial Markets Conduct Act 2013

If you break a civil liability rule under this law, you might get one of these orders. You could get a declaration that says you did something wrong. You could also get a pecuniary penalty order, but only if the FMA asks for it.

You might get a compensatory order, which means you have to pay someone back for what you did. There are other orders you could get, which are explained in section 497. This section is just a guide to help you understand the general idea of this part of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091702.

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483: Court may make FMA orders under this Part, or

"The court can make decisions on behalf of the Financial Markets Authority."

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485: What are civil liability provisions, or

"Rules to keep people honest with money and finances"

Part 8Enforcement, liability, and appeals
Civil liability: Overview of civil liability

484Overview of civil liability

  1. The following orders (civil liability orders) are available for a contravention, or involvement in a contravention, of a civil liability provision (except if otherwise provided) under this subpart:

  2. a declaration of contravention:
    1. a pecuniary penalty order (on application by the FMA only):
      1. a compensatory order:
        1. other civil liability orders under section 497.

          1. This section is a guide only to the general scheme and effect of this subpart.

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