Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Exemptions

558: Exemption in force for not more than 5 years

You could also call this:

"Special permissions last up to 5 years"

Illustration for Financial Markets Conduct Act 2013

If you get an exemption under this part of the law, it can last for up to 5 years. After 5 years, the exemption will be treated as cancelled, unless it is cancelled or ends sooner. You can think of an exemption like a special permission to do something that is normally not allowed, and this rule tells you how long that permission can last.

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 It might be out of date or be missing some parts.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=DLM4091823.


Previous

557: Restriction on FMA's exemption power, or

"Rules that limit when the FMA can let people ignore financial market rules"


Next

559: Breach of exemption conditions, or

"Breaking a special exemption rule is like breaking the main rule"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Exemptions

558Exemption in force for not more than 5 years

  1. An exemption granted under this subpart may continue in force for not more than 5 years (and at the close of the date that is 5 years after the exemption first comes into force, the exemption must be treated as having been revoked unless it is sooner revoked or expires).