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Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - Miscellaneous - Miscellaneous

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

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

Illustration for Financial Markets Conduct Act 2013

If you do something wrong under the Financial Markets Conduct Act 2013, you can still get in trouble under the Crimes Act 1961 or other laws. The Financial Markets Conduct Act 2013 does not change any liability you may have under the Crimes Act 1961 or other laws. This means you can be held responsible for things like theft or making false statements, as outlined in sections like sections 220 and 242 of the Crimes Act 1961.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091801.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair tradingCrime and justice > Criminal law
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541: Persons entitled to appear before court, or

"Who can speak in court about financial market issues"

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543: Regulations for purposes of Part 3 (Disclosure of offers of financial products), or

"Rules for selling financial products and what information you must be told"

Part 8Enforcement, liability, and appeals
Miscellaneous: Miscellaneous

542Saving of liability under Crimes Act 1961 and general law

  1. Nothing in this Act limits or diminishes any liability that any person may incur under any rule of law or the Crimes Act 1961 or any other enactment other than this Act (see, for example, sections 220 and 242 of the Crimes Act 1961, which relate to theft by a person in a special relationship and false statements by promoters).

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