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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Purposes, overview, and interpretation - Territorial scope

239: Territorial scope

You could also call this:

"Rules for financial products apply everywhere, not just in New Zealand"

Illustration for Financial Markets Conduct Act 2013

The rules in Subparts 2 to 6 apply to things people do with quoted financial products or listed issuers. This applies whether the things are done in New Zealand or in another country. You can find more information about operating a financial product market in New Zealand in sections 310 and 313.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5155259.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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238: Situations not giving rise to relevant interests, or

"When you don't have a say in a financial product, even if you're involved with it for work."

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240: Prohibition on insider conduct, or

"Don't use secret information to get an unfair advantage in the stock market"

Part 5Dealing in financial products on markets
Purposes, overview, and interpretation: Territorial scope

239Territorial scope

  1. Subparts 2 to 6 apply to conduct in relation to quoted financial products or listed issuers regardless of whether the conduct is in New Zealand or outside New Zealand.

  2. See sections 310 and 313 (which require a licence to operate a financial product market in New Zealand).