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Financial Markets Conduct Act 2013

2: Commencement

You could also call this:

"When the Financial Markets Conduct Act 2013 starts to apply"

Illustration for Financial Markets Conduct Act 2013

When the Financial Markets Conduct Act 2013 gets Royal assent, some parts of it start immediately. You can find these parts in section 351, subpart 10 of Part 5, subpart 7 of Part 6, and subparts 1 to 7 of Part 9. The rest of the Act starts on a date chosen by the Governor-General.

The Governor-General can choose different dates for different parts of the Act. If a part of the Act has not started yet, it will start on 1 April 2017. In this Act, a provision is any item or part of an item in the schedules.

An order made under this section is secondary legislation, which means it has to be published - you can learn more about this in Part 3 of the Legislation Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5560606.

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1: Title, or

"A law to help control money and investments in New Zealand"

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3: Main purposes, or

"What the Financial Markets Conduct Act 2013 is trying to achieve"

2Commencement

  1. Section 351, subpart 10 of Part 5, subpart 7 of Part 6, and subparts 1 to 7 of Part 9 come into force on the day after the date on which this Act receives the Royal assent.

  2. The rest of this Act comes into force on a date appointed by the Governor-General by Order in Council; and 1 or more orders may be made appointing different dates for different provisions and for different purposes.

  3. To the extent that it is not previously brought into force under subsection (1) or (2), the rest of this Act comes into force on 1 April 2017.

  4. In this section, provision includes any item, or any part of an item, in any of the schedules.

  5. An order under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes
  • Section 2(2): Part 1, Part 2 (other than sections 23–27 and 34–37), those provisions of Part 6 not already in force (other than sections 388, 389, 422(a), 429(a) and (b), and subpart 6), Part 7, Part 8 (other than sections 470–473, 510 and 511), section 597 (but only for the purpose of the provisions of Schedule 4 that are coming into force under paragraph (h)), clauses 1, 2, 6, 8, 9, 10, 12–14, 15, 19, 21 (other than paragraph (b)), 25–29, 48 and 49 of Schedule 1, clauses 1–3, 13(2) and (3), 14, 51, 58, and 59 of Schedule 4 brought into force, on , by clause 2(1) of the Financial Markets Legislation (Phase 1) Commencement Order 2014 (LI 2014/51).
  • Section 2(2): sections 23 to 27 brought into force, on , by clause 2(2) of the Financial Markets Legislation (Phase 1) Commencement Order 2014 (LI 2014/51).
  • Section 2(2): the remaining provisions that have not earlier been brought into force, except section 310, section 597 in so far as it relates to clause 42(7) and (8) of Schedule 4, and clause 42(7) and (8) of Schedule 4, brought into force, on , by clause 2 of the Financial Markets Legislation (Phase 2) Commencement Order 2014 (LI 2014/325).
  • Section 2(2): section 310, section 597 in so far as it relates to clause 42(7) and (8) of Schedule 4, and clause 42(7) and (8) of Schedule 4 brought into force, on , by section 2 of the Financial Markets Legislation (Phase 3) Commencement Order 2015 (LI 2015/252).
  • Section 2(5): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).