The purpose of this part of the law is to let the FMA create rules or methods for specific technical things. You can think of the FMA as a group that helps keep an eye on financial markets in New Zealand. This part of the law is about how they can make decisions on detailed matters.
When the FMA issues a notice, it only applies in certain situations, which are explained in the Act or regulations, see section 554. This means the notice has limits on what it can do. You can find more information about how this works by looking at section 554.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4702296.
The purpose of this subpart is to provide for the FMA to issue frameworks or methodologies relating to detailed or technical matters (rather than matters of general principle).
A notice issued under this subpart applies only to the extent provided for in this Act or the regulations (see section 554).
