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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of discretionary investment management services - Related party transactions

442: Requirements for certificates as to related party benefits

You could also call this:

"Rules for certificates about benefits to related parties"

Illustration for Financial Markets Conduct Act 2013

When you give a certificate under section 440, it only works if it says why it is given and what it is based on. You must also follow the rules about what the certificate should look like, what it should say, and how it is given. You can find these rules in section 440 and section 441, which you can read by following the links to section 440 and section 441. If you already have a certificate that applies to the transaction, you do not need a new one.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4702237.

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Part 6Licensing and other regulation of market services
Additional regulation of discretionary investment management services: Related party transactions

442Requirements for certificates as to related party benefits

  1. A certificate under section 440 is effective only if the certificate—

  2. states the specific grounds on which it is given under section 440 and (if relevant) section 441 and the basis for relying on those grounds; and
    1. complies with the prescribed requirements (if any) as to its form, content, or the manner in which it is given.

      1. Nothing in that section requires a new certificate if there is an existing certificate that applies (whether specifically or in general terms) to the transaction or transactions.