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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 - Duties on persons giving regulated financial advice

431O: Duty to make prescribed information available

You could also call this:

"Tell clients important information when you give financial advice"

Illustration for Financial Markets Conduct Act 2013

If you give regulated financial advice to a client, you must make certain information available to them when the regulations say you have to. You have to make this information available in the way the regulations say. The regulations can say when and how you make the information available.

The regulations can require you to make the information available when a certain event happens, at certain times, or when someone asks for it. You might have to give the information to a specific person, a group of people, or the public. You can find more information about this by looking at the Financial Markets Conduct Act 2013 and the Financial Services Legislation Amendment Act 2019.

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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=LMS465822.

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431N: Duty relating to offer that contravenes Act or regulations, or

"Don't recommend financial products that break the law"

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431P: False or misleading statements and omissions, or

"Tell the truth and give all the important details when giving financial advice"

Part 6Licensing and other regulation of market services
Additional regulation of financial advice and financial advice services: Duties on persons giving regulated financial advice

431ODuty to make prescribed information available

  1. A person who gives regulated financial advice to a client must make the prescribed information available in the prescribed manner when required to do so by the regulations.

  2. The regulations may (without limitation) require information to be made available—

  3. at the request of a prescribed person, at prescribed times, or when a prescribed event occurs:
    1. to a particular person or persons or to the public.

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