313 When financial product market taken to be operated in New Zealand

(1)

For the purposes of this subpart, a financial product market is taken to be operated in New Zealand if—

(a)

it is operated by an entity that is incorporated or registered in New Zealand or by an individual who is ordinarily resident in New Zealand; or

(b)

all, or a significant part of, the facility for the financial product market is located in New Zealand; or

(c)

the financial product market is promoted to investors in New Zealand by or on behalf of the operator of that market or by or on behalf of an associated person of that operator.

(2)

For the purposes of subsection (1)(c), a financial product market is not promoted to investors in New Zealand merely because it is accessible by those investors.

(3)

Subsection (1) does not limit the circumstances in which a financial product market is operated in New Zealand for the purposes of this subpart.

Compare: Corporations Act 2001 s 791D (Aust)