Financial Markets Conduct Act 2013

If you need more information about this Act, please contact the administering agency: Ministry of Business, Innovation, and Employment
13 Non-financial not-for-profit organisation

(1)

Financial advice is not regulated financial advice if it is given—

(a)

in the ordinary course of the business of a non-financial not-for-profit organisation; and

(b)

for no charge.

(2)

In this clause, non-financial not-for-profit organisation means an organisation—

(a)

that operates other than for the purposes of profit or gain to an owner, a member, or a shareholder; and

(b)

that is not the product provider (or related to the product provider) of a financial advice product.

Compare: 2008 No 91 s 14(1)(f)

Schedule 5 clause 13: inserted, on 15 March 2021, by section 60 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).