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Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Enforcement of overseas pecuniary penalties under application regime

584: Enforcement of overseas pecuniary penalties under application regime

You could also call this:

"Enforcing penalties from overseas courts under special rules"

Illustration for Financial Markets Conduct Act 2013

This part of the law applies to a judgment from a court in another country if a special set of rules, called an application regime, says it does. The application regime is set out in regulations made under section 585. You need to check if the judgment requires you to pay a penalty and if other conditions are met.

The judgment must be about paying a penalty for something to be covered by this part of the law. The application regime has some conditions that must be met for this part of the law to apply. You have to check these conditions to see if they are met.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091858.

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583: Purpose of this subpart, or

"Helping people follow investment rules and pay fines when they break the law"

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585: Power to enforce overseas penalties under application regime, or

"Rules to help New Zealand enforce penalties from other countries"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Enforcement of overseas pecuniary penalties under application regime

584Enforcement of overseas pecuniary penalties under application regime

  1. This subpart applies to a judgment given by a court under a provision of the law of another country if—

  2. an application regime set out in regulations made under section 585 applies this subpart to that provision of the law of that country; and
    1. the judgment requires payment of a penalty; and
      1. any other preconditions of the application regime are met.

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