Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Miscellaneous provisions

596: Schedule 3 schemes

You could also call this:

"Special rules for certain investments that the Financial Markets Authority approves"

Illustration for Financial Markets Conduct Act 2013

The Financial Markets Authority (FMA) can approve a scheme as a Schedule 3 scheme under Schedule 3. The FMA can also withdraw this approval. When a scheme is approved as a Schedule 3 scheme, it must follow the rules in Schedule 3. You need to know what these rules are if you are involved with a Schedule 3 scheme.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5155282.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

595: Registers, or

"Rules for keeping public records, called registers"

Next

597: Transitional provisions, or

"Rules that helped change the law when it was updated"

Part 9Regulations, transitional provisions, and miscellaneous provisions
Miscellaneous provisions

596Schedule 3 schemes

  1. The FMA may approve, or withdraw an approval of, a scheme as a Schedule 3 scheme under Schedule 3, and the provisions of that schedule apply to a Schedule 3 scheme.