New Zealand Legislation: Regulations

5 Role of market administrator

• (1) The role of the market administrator is to—

  • (a) receive breach notices; and

  • (b) provide a filter so that breach allegations that do not raise material issues are not automatically referred to the investigation process and the Rulings Panel; and

  • (c) provide a pragmatic, fast, and efficient resolution service for complaints that do not raise a material issue; and

  • (d) refer complaints that do raise material issues to investigators for investigation.

  (2) The industry body may, by agreement with a person, appoint that person to undertake the role of market administrator.

  (3) To avoid doubt, the industry body does not have a conflict of interest by reason of the fact that it may be carrying out the role of market administrator.