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Financial Markets Conduct Act 2013

Disclosure of offers of financial products - Ongoing disclosure and updating of registers - Public disclosure

98: Issuer must provide information to Registrar

You could also call this:

"Tell the Registrar about the products you issue"

Illustration for Financial Markets Conduct Act 2013

If you issue regulated products, you must give the Registrar a copy of any information you make public under section 97 within 5 working days. You do this by lodging the information with the Registrar. This rule helps keep the public informed about the products you issue.

If there are regulations that say you must lodge the information with the Registrar under section 97, then you do not have to give the Registrar a copy. There are also other circumstances where you do not have to follow this rule, and these are set out in the regulations.

If you do not follow this rule, you can commit an offence and have to pay a fine of up to $50,000. This offence is also an infringement offence, which is explained in subpart 5 of Part 8.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4702195.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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97: Information to be made publicly available, or

"Companies must share important information with the public at the right time"

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"Telling lies or hiding important information when sharing updates about investments is not allowed"

Part 3Disclosure of offers of financial products
Ongoing disclosure and updating of registers: Public disclosure

98Issuer must provide information to Registrar

  1. An issuer of regulated products must lodge with the Registrar a copy of any information made, or to be made, publicly available under section 97 before the date that is 5 working days after that information is made available under that section.

  2. Subsection (1) does not apply—

  3. if the regulations made for the purposes of section 97 require the information to be made publicly available by lodging that information with the Registrar; or
    1. otherwise in the prescribed circumstances.

      1. An issuer that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $50,000.

      2. The offence in this section is an infringement offence (see subpart 5 of Part 8).