Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Exemptions

560: Exemptions in respect of specified overseas jurisdictions

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

The law says exemptions can apply to people, transactions, or other things in certain countries overseas. You can get an exemption for all or some of these things in those countries. This rule does not stop other exemptions from being applied.

The law also mentions a comparison to a previous law, the 1986 act, which had a similar rule. You can find more information about this comparison if you want to learn more. This comparison is just for reference and does not change how the exemptions work.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091825.


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559: Breach of exemption conditions, or

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


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561: Effect of exemptions on regulated offers, or

"What happens when you get an exemption from rules for selling financial products"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Exemptions

560Exemptions in respect of specified overseas jurisdictions

  1. Exemptions granted under this subpart may extend to all, or classes of, persons, transactions, or other matters in relation to specified overseas jurisdictions.

  2. Subsection (1) does not limit this subpart.

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