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Financial Markets Conduct Act 2013

Fair dealing

17: Overview

You could also call this:

"Introduction to fair financial dealing rules"

Illustration for Financial Markets Conduct Act 2013

This Part of the law is about being fair when dealing with financial products and services. You will find rules about not being misleading or deceptive in sections 19 to 33. There are also rules about not offering financial products during unsolicited meetings in sections 34 to 37. The first part of this law is just a guide to help you understand the main ideas. It gives you an idea of what the law is trying to achieve.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5155240.

Topics:
Money and consumer rights > Banking and loansMoney and consumer rights > Consumer protectionBusiness > Industry rulesBusiness > Fair trading
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16: Application of Act, or

"This law's rules are important and must be followed, even if other agreements say otherwise."

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18: Interpretation in this Part, or

"What special words mean in this part of the law"

Part 2Fair dealing

17Overview

  1. This Part provides for fair dealing in relation to financial products and financial services as follows:

  2. sections 19 to 33 prohibit misleading or deceptive conduct, the making of false or misleading representations, and the making of unsubstantiated representations:
    1. sections 34 to 37 prohibit offers of financial products in the course of unsolicited meetings.

      1. Subsection (1) is only a guide to the general scheme and effect of this Part.