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Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Additional regulation of financial advice and financial advice services - Interpretation

431E: Meaning of engaged

You could also call this:

"What it means to work for someone, like being their employee"

Illustration for Financial Markets Conduct Act 2013

When you are talking about someone being engaged by another person, it means they are working for them. You are engaged by someone if you work directly for them, like being their employee or contractor. You can also be engaged by someone if you work for them through another person, like being an employee of their contractor.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS465792.

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Work and jobs > Worker rights
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431D: When financial advice service is provided, or

"When you give money advice to clients as part of your business"

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431F: Limitation on who can give regulated financial advice to retail clients on behalf of financial advice provider, or

"Who can give financial advice to people on behalf of a financial advice company"

Part 6Licensing and other regulation of market services
Additional regulation of financial advice and financial advice services: Interpretation

431EMeaning of engaged

  1. A person (A) is engaged by another person (P) if—

  2. A is engaged directly by P (for example, if A is an employee or a contractor of P); or
    1. A is engaged indirectly through 1 or more interposed persons (for example, if A is an employee of another person who is a contractor of P).

      Notes
      • Section 431E: inserted, on , by section 29 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).