What the official record says
This Act is the Financial Markets (International Money Transfers) Amendment Act . This Act comes into force on the day after Royal assent. This Act amends the Financial Markets Conduct Act 2013. In section 6(1), insert the following definition in its appropriate alphabetical order: means the transfer of money from a person in New Zealand to an overseas recipient where, as part of the service, money is converted from New Zealand dollars to another currency Replace section 446J(1)(j) with: communicating with consumers about the financial institution’s relevant services or associated products in a timely, clear, concise, and effective manner, including by— having in place a framework for engaging with consumers to ensure the suitability of products and services, including on an ongoing-basis