Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Regulating conduct of financial institutions

446B: Territorial scope of subpart

You could also call this:

"When financial laws apply to services in New Zealand"

Illustration for Financial Markets Conduct Act 2013

This part of the law applies to financial institutions that provide services or products to consumers in New Zealand. You are considered to be receiving a service or product in New Zealand if you get it while you are in the country. A financial institution might say it did not mean for you to get the service or product, but it must show it tried to stop you from getting it.

If a financial institution provides a service or product to you in New Zealand, it must follow this part of the law, unless it can prove it took all reasonable steps to prevent you from getting the service or product. You can find more information about changes to this law in the Financial Markets (Conduct of Institutions) Amendment Act 2022. This law is about how financial institutions behave when they provide services or products to consumers in New Zealand.

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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=LMS1428451.

Topics:

Money and consumer rights > Banking and loansMoney and consumer rights > Consumer protectionBusiness > Industry rulesBusiness > Fair trading

446A: Overview, or

"A guide to how financial institutions must treat you fairly and follow the law"

446C: What is the fair conduct principle, or

"Treating you fairly: how financial institutions must act honestly and help you make good decisions"

Part 6Licensing and other regulation of market services
Regulating conduct of financial institutions

446BTerritorial scope of subpart

This subpart applies to the provision of a financial institution’s relevant services or associated products to consumers in New Zealand.
For the purposes of subsection (1), a relevant service or an associated product is provided to consumers in New Zealand if a consumer in New Zealand receives the service or product, unless the financial institution demonstrates that it has taken all reasonable steps to ensure that consumers in New Zealand may not receive the service or product.

Notes

Section 446B: inserted, on 31 March 2025, by section 12 of the Financial Markets (Conduct of Institutions) Amendment Act 2022 (2022 No 36).