Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

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

585: Power to enforce overseas penalties under application regime

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

The Governor-General can make regulations to help enforce penalties from other countries. You can think of regulations like rules that help make laws work. The Governor-General makes these rules on the advice of the Minister, and they are used to implement a special system for a specific country. This system helps apply New Zealand laws to penalties imposed by the laws of that other country. The regulations also outline any conditions that must be met for this system to work.

The Governor-General's regulations are a type of secondary legislation, which means they are based on a law that has already been passed. To learn more about what this means, you can look at Part 3 of the Legislation Act 2019. These regulations have to be published, so everyone knows what they say. This is an important part of how laws are made and used in New Zealand.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091859.

Topics:
Crime and justice > Criminal lawGovernment and voting > Government departmentsMoney and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

584: Enforcement of overseas pecuniary penalties under application regime, or

"Enforcing penalties from overseas courts under special rules"

Next

586: Interpretation, or

"What special words mean in this part of the law"

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

585Power to enforce overseas penalties under application regime

  1. The Governor-General may, by Order in Council made on the recommendation of the Minister, for the purpose of implementing an application regime for a designated country, make regulations that provide for—

  2. the application of this subpart to provisions of the securities laws of that country under or in respect of which a penalty may be imposed; and
    1. the preconditions of the application regime (if any).

      1. Regulations under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

      Compare
      Notes
      • Section 585(2): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).