The law says that regulations can be made about different things for different situations. You might have different rules for different types of financial products or services. This means that what is allowed or not allowed can vary depending on the kind of product, service, or person involved.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091819.
554: Regulations or exemptions may require compliance with generally accepted accounting practice, standards, frameworks, or FMA methodologies, or
"Some accounting rules must be followed, like standards and practices, when reporting finances."
556: FMA may grant exemptions, or
"The Financial Markets Authority can let people or organisations off from following some finance rules."
Different matters may be prescribed, prohibited, restricted, specified, or required under the regulations in respect of different kinds or classes of financial products, services, persons, or other circumstances.
