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Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - Appeals

531: Appeals against market services licence decisions

You could also call this:

"Challenging a decision about a market services licence"

Illustration for Financial Markets Conduct Act 2013

If you do not agree with a decision made by the Financial Markets Authority (FMA) under Part 6, you can appeal to the court. You can appeal if the FMA decides not to give you a licence or not to let you provide a service under the licence. You can also appeal if the FMA puts conditions on your licence, or changes, cancels, adds to, or replaces any conditions on your licence. Additionally, you can appeal if the FMA declines to change the conditions of your licence, or if the FMA uses certain powers against you, as stated in section 414 or section 418.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091789.

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Money and consumer rights > Banking and loansBusiness > Industry rules
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530: Interpretation for this subpart, or

"What special words mean in this part of the law"

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532: Appeals against other decisions of FMA on questions of law only, or

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Part 8Enforcement, liability, and appeals
Appeals

531Appeals against market services licence decisions

  1. A person may appeal to the court against a decision of the FMA under Part 6 to—

  2. decline to issue a licence to the person or to authorise the person to provide a service under the licence; or
    1. impose conditions on the person's licence or proposed licence or to vary, revoke, add to, or substitute any conditions on the person's licence; or
      1. decline an application to vary the conditions of the person's licence; or
        1. exercise a power in respect of the person under section 414 or 418 (which relates to the FMA's powers in the case of contraventions, etc).