Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - Miscellaneous - Miscellaneous

541: Persons entitled to appear before court

You could also call this:

"Who can speak in court about financial market issues"

Illustration for Financial Markets Conduct Act 2013

When you go to court about something related to the Financial Markets Conduct Act 2013, some people are allowed to speak and be heard. You can appear in court if you are the person making the application. You can also appear if you are a company that might be affected by the court's decision, or if you might lose money because of something someone else did.

If you are the Financial Markets Authority, or if you run a licensed market, you can also go to court and be heard. You might be told you have to go to court and be given notice of the application, in which case you can appear too. Sometimes, the court might let other people appear and speak, but they need to ask the court first, and the court has to agree, you can find more information about this by looking at the relevant legislation.

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 It might be out of date or be missing some parts.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=DLM4091796.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair tradingCrime and justice > Courts and legal help
Previous

540: General provisions as to court's orders, or

"Court orders: the rules the court makes and can change"

Next

542: Saving of liability under Crimes Act 1961 and general law, or

"Breaking the law can still get you in trouble, even if it's not just under the Financial Markets Conduct Act."

Part 8Enforcement, liability, and appeals
Miscellaneous: Miscellaneous

541Persons entitled to appear before court

  1. The following persons are entitled to appear and be heard at the hearing of an application to the court taken under this Act:

  2. the applicant:
    1. a relevant issuer, offeror, or service provider:
      1. a person who is alleged to have suffered, or to be likely to suffer, loss or damage because of an alleged contravention (whether that person or another person makes the allegation):
        1. the FMA:
          1. any relevant licensed market operator:
            1. a person directed to be given notice of the application:
              1. with the leave of the court, any other person.

                Compare