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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of discretionary investment management services - Related party transactions

443: General duties still apply

You could also call this:

"DIMS licensees must still follow the rules when doing transactions."

Illustration for Financial Markets Conduct Act 2013

If you are a DIMS licensee, you still have to follow your duties under the Financial Markets Conduct Act 2013. This is true even if a transaction is allowed under section 440 or section 441. You must comply with your duties when you do a transaction, no matter what.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5155265.

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Part 6Licensing and other regulation of market services
Additional regulation of discretionary investment management services: Related party transactions

443General duties still apply

  1. The fact that a transaction is permitted under section 440 or 441 does not affect the DIMS licensee's obligations to comply with its duties under this Act and otherwise in connection with the transaction.