Financial Markets Conduct Act 2013

Enforcement, liability, and appeals - FMA's enforcement powers - Stop orders

467: Extended application of subpart

You could also call this:

"Rules apply to New Zealanders who send restricted financial information overseas."

Illustration for Financial Markets Conduct Act 2013

The Financial Markets Authority (FMA) can make a stop order or an interim stop order if someone in New Zealand sends or is going to send a restricted communication to someone outside New Zealand. You are considered to be in New Zealand if you live here, your company is incorporated here, or you have a business here. The term "registered" in this context means being registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008, which you can find more information about at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109400.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4702256.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading

466: Persons to whom stop orders and interim stop orders may apply, or

"Who has to follow stop orders and interim stop orders"

468: When FMA may make direction orders, or

"When the FMA can tell you what to do if you break or might break a financial market rule."

Part 8Enforcement, liability, and appeals
FMA's enforcement powers: Stop orders

467Extended application of subpart

The FMA may make a stop order or an interim stop order in respect of a restricted communication that is distributed or to be distributed to a person outside New Zealand by a person resident, incorporated, registered, or carrying on business in New Zealand.
In this section, registered means registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.