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Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Recognition and application regimes

573: Purpose of this subpart

You could also call this:

"This part of the law helps companies sell investments and loans using rules from other countries."

Illustration for Financial Markets Conduct Act 2013

The purpose of this part of the law is to help make rules that let companies sell financial products in New Zealand using the laws of other countries. You can think of financial products like investments or loans. This part of the law also helps companies sell financial products in other countries using New Zealand's laws, so people in those countries can use and follow those laws. This is related to the Securities Amendment Act 1986, which you can read more about on the New Zealand government's website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091844.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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572: Variation and revocation, or

"Changing or cancelling rules and documents"

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574: Definition of country in this subpart, or

"What the law means by 'country' in this part of the Financial Markets Conduct Act"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Recognition and application regimes

573Purpose of this subpart

  1. The purpose of this subpart is to enable recognition and application regimes to be implemented that—

  2. provide for exemptions from this Act and the regulations so that offerors may offer financial products in New Zealand in accordance with the securities laws of designated countries:
    1. extend the territorial scope of this Act and the regulations so that offerors may offer financial products in designated countries in accordance with New Zealand laws, and investors in those countries may rely on and enforce those laws.

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