Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of licences relating to financial benchmarks

448I: General provisions on FMA’s directions

You could also call this:

"Rules about how the FMA makes and changes its directions"

Illustration for Financial Markets Conduct Act 2013

The FMA can give a direction with terms and conditions they think are right. You need to know the FMA can change a direction in the same way they gave it. The FMA can also cancel or pause a direction with terms and conditions they think fit.

The FMA has the power to make decisions about directions. They can give, change, cancel, or pause a direction as they see fit. This means the FMA is in charge of making sure directions are followed.

The FMA's decisions about directions are important. They can affect how market services are regulated. You can find more information about the laws that govern this in the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019.

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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=LMS463039.

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Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading

448H: FMA must give notice after giving interim direction, or

"The law says FMA must inform you in writing after making a temporary decision that affects you."

448J: Protection for persons in respect of provision of material, information, or data under this subpart, or

"Safety for people who honestly share information as the law requires"

Part 6Licensing and other regulation of market services
Additional regulation of licences relating to financial benchmarks

448IGeneral provisions on FMA’s directions

The FMA may give a direction under this subpart on the terms and conditions that the FMA thinks fit.
The FMA may vary a direction in the same way as it may give the direction under this subpart.
The FMA may revoke a direction or suspend a direction on the terms and conditions it thinks fit.

Notes

Section 448I: inserted, on 14 March 2021, by section 43 of the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 (2019 No 46).