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Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Regulations

549: Minister must consult FMA about regulations

You could also call this:

"Minister must talk to financial watchdogs before making new rules."

Illustration for Financial Markets Conduct Act 2013

When the Minister wants to make a new rule, they have to talk to the FMA first. The Minister needs to get the FMA's thoughts before they can make a decision. You can think of the FMA as a group that helps keep an eye on financial markets in New Zealand, and the Minister is someone who makes big decisions about these markets.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4702294.

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548: Other regulations, or

"Rules the Governor-General can make to help the law work properly"

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550: Procedural requirements for regulations relating to exemptions, exclusions, and definitions, or

"Rules for making fair decisions about exceptions to financial market laws"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Regulations

549Minister must consult FMA about regulations

  1. The Minister must consult the FMA before making a recommendation under this subpart.