Financial Markets Conduct Act 2013

Subpart 8—Operation of licensed markets

352 Licensed market operator must notify FMA of disciplinary actions and suspected contraventions

(1)

A licensed market operator must notify the FMA, in accordance with sections 353 and 354, if—

(a)

the operator takes any disciplinary action against a participant in the licensed market:

(b)

the operator knows or suspects that a person has committed, is committing, or is likely to commit a significant contravention of—

(i)

the market rules; or

(ii)

this Act, the Takeovers Act 1993, or any enactment made under either of those Acts.

(2)

The FMA must notify the licensed market operator of its decision to take, or not to take, any action in relation to a notification under subsection (1)(b)(ii).

Compare: 1988 No 234 s 36ZD