The purpose of this part of the law is to help make sure people follow the rules. You can think of it like a system that makes sure people pay fines when they break certain laws. These laws are about securities, which are like special kinds of investments, and they are from countries that New Zealand has chosen to work with. This system is meant to work in New Zealand, so if someone breaks one of these laws in another country, New Zealand can still help make them pay their fine. You can find more information about this by looking at the securities laws from other countries.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091857.
582: Matters that must be stated in regulations implementing application regime, or
"What rules must be included when creating regulations for financial products in certain countries?"
584: Enforcement of overseas pecuniary penalties under application regime, or
"Enforcing penalties from overseas courts under special rules"
The purpose of this subpart is to enable application regimes to be implemented that provide for enforcement in New Zealand of fines and pecuniary penalties imposed for breaches of securities laws of designated countries.
