Financial Markets Conduct Act 2013

Licensing and other regulation of market services - Regulation of client money or property services - Obligations for handling client money and client property

431ZF: Provider must report on client money and client property

You could also call this:

"Providers must tell clients what's happening with their money and property"

Illustration for Financial Markets Conduct Act 2013

If you are a provider, you must give certain information to your clients or other people when you receive or hold money or property on behalf of your clients. You must provide this information in a specific way. The information you give is called confirmation information, which is the details about the client's money or property, or any transactions related to it, that are required by the rules.

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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=LMS465987.

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431ZE: Provider must keep records of client money and client property, or

"Providers must keep clear records of clients' money and property."

431ZG: Restrictions on use of client money and client property, or

"Rules for using money and things that belong to your clients"

Part 6Licensing and other regulation of market services
Regulation of client money or property services: Obligations for handling client money and client property

431ZFProvider must report on client money and client property

A provider must, in the prescribed circumstances, provide confirmation information to a client or other prescribed persons in respect of client money or client property received or held on behalf of the client.
The confirmation information must be provided in the prescribed manner.
In this section, confirmation information means the information relating to the client money or client property, or transactions relating to it, that is prescribed.

Compare

2008 No 91 s 77RA

Notes

Section 431ZF: inserted, on 15 March 2021, by section 29 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).