This subpart is about market services licences. It applies to people who have a licence to act as an administrator of a financial benchmark. You can find more information about the changes to this subpart in the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment 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=LMS462788.
448: Regulations regulating holding and application of investor funds and property by derivatives issuers, or
"Rules for keeping investors' money and property safe with derivatives issuers"
448B: Additional purposes for licences relating to financial benchmarks, or
"Extra rules for people who manage important financial numbers to keep them accurate and reliable"
This subpart applies to market services licences to act as an administrator of a financial benchmark.
