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Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - FMA's designation power

564: Transitional matters

You could also call this:

"What happens to old investments when new rules start"

Illustration for Financial Markets Conduct Act 2013

When a declaration is made under this part of the law, it does not affect financial products that were issued or transferred before the declaration started. You need to know that the declaration only applies to financial products issued or transferred after it started. The declaration also has its own terms and conditions that explain how it applies to transitional matters, which means how it affects things that were already happening when the declaration was made.

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"Steps the Financial Markets Authority must follow before making a decision"

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Part 9Regulations, transitional provisions, and miscellaneous provisions
FMA's designation power

564Transitional matters

  1. A declaration under this subpart—

  2. does not apply to financial products issued or transferred before the commencement of the declaration; and
    1. applies subject to any terms and conditions of the declaration relating to transitional matters.