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Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - Banning orders

519: Offence of contravening banning order

You could also call this:

"Breaking a banning order is a crime that can lead to prison or a big fine."

Illustration for Financial Markets Conduct Act 2013

If you break a banning order, you commit an offence. You can go to prison for up to 3 years, get a fine of up to $200,000, or both if you are convicted. This applies to banning orders made under this part of the Financial Markets Conduct Act 2013, which you can find more information about on the New Zealand legislation website or related laws like s 60C and s 43H.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091753.

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518: Terms of banning orders, or

"Rules for when someone is banned from doing certain finance jobs"

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520: Only 1 banning order may be made for same conduct, or

"You can't get more than one banning order for doing the same thing wrong."

Part 8Enforcement, liability, and appeals
Banning orders

519Offence of contravening banning order

  1. An individual who contravenes a banning order under this subpart commits an offence and is liable on conviction to imprisonment for a term not exceeding 3 years, a fine not exceeding $200,000, or both.

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