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Financial Markets Conduct Act 2013

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

446E: Meaning of financial institution

You could also call this:

"What is a financial institution in New Zealand law?"

Illustration for Financial Markets Conduct Act 2013

In the Financial Markets Conduct Act 2013, you are considered a financial institution if you are a registered bank, a licensed insurer, or a licensed NBDT. You must also be in the business of providing one or more relevant services. This definition is part of the Act, which was amended by the Financial Markets (Conduct of Institutions) Amendment Act 2022.

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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=LMS1428458.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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"When companies offer you financial services or products, they must treat you fairly."

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446F: Meaning of relevant service and associated product, or

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

446EMeaning of financial institution

  1. In this Act, a person is a financial institution if it—

  2. is a registered bank, a licensed insurer, or a licensed NBDT; and
    1. is in the business of providing 1 or more relevant services.

      Notes
      • Section 446E: inserted, on , by section 12 of the Financial Markets (Conduct of Institutions) Amendment Act 2022 (2022 No 36).