Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Exemptions

559: Breach of exemption conditions

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

If you break a rule that is part of an exemption, you are also breaking the main rule that the exemption is related to. This is unless the exemption specifically says something different. You can find more information about this by looking at the related law from 1988. When you break an exemption rule, it is like breaking the main rule that applies to everyone.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091824.


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558: Exemption in force for not more than 5 years, or

"Special permissions last up to 5 years"


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560: Exemptions in respect of specified overseas jurisdictions, or

"Some overseas countries have special rules that mean they don't have to follow all our laws."

Part 9Regulations, transitional provisions, and miscellaneous provisions
Exemptions

559Breach of exemption conditions

  1. The breach of a term or condition of an exemption granted under this subpart is a breach of the provision to which the exemption relates (unless the terms of the exemption otherwise provide).

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