Financial Markets Conduct Act 2013

Dealing in financial products on markets - Disclosure of interests of substantial product holders in listed issuers - Substantial holding disclosure obligations

275: Person may be treated as holding financial products where person has relevant interest in certain derivatives

You could also call this:

"If you have a special interest in a bet on a market product, you might be treated as owning that product."

Illustration for Financial Markets Conduct Act 2013

You have a special interest in a derivative, which is like a bet on something else. If the thing the derivative is based on is a product that can be bought and sold on a market, and it gives the owner voting power, then you are treated as having an interest in that product. This interest is worked out in a specific way and it is added to any other interests you have in the same type of product.

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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=DLM5155262.

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274: Meaning of substantial product holder, substantial holding, and percentage, or

"What it means to own a big part of a company"

276: Persons must disclose if begin to have substantial holding, or

"Tell the company if you own a big part of it"

Part 5Dealing in financial products on markets
Disclosure of interests of substantial product holders in listed issuers: Substantial holding disclosure obligations

275Person may be treated as holding financial products where person has relevant interest in certain derivatives

This section applies in relation to a derivative if the underlying of the derivative is a quoted voting product of a listed issuer.
For the purposes of this subpart, if a person has a relevant interest in the derivative, the person must be treated as having a relevant interest in a number of the underlying quoted voting products that is determined in the prescribed manner.
The number of quoted voting products in which a person is treated as having a relevant interest under subsection (2) is in addition to any other relevant interest that the person has in products of that class.