Financial Markets Authority Act 2011

If you need more information about this Act, please contact the administering agency: Ministry of Business, Innovation, and Employment

Power to accept undertakings

46 FMA may accept undertakings


The FMA may accept a written undertaking given by, or on behalf of, a person in connection with a matter in relation to which the FMA is performing or exercising any of its functions, powers, or duties for the purposes of this Act or any other enactment.


An undertaking may be given in connection with the FMA making a statement under section 9(1)(a)(v) (but this subsection does not limit subsection (1)).


The person may withdraw or vary the undertaking with the consent of the FMA.

Compare: 1978 No 103 s 69J

Section 46(1A): inserted, on 1 April 2014, by section 67 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).