Part 2Registration
Registration of financial service provider: Application for registration as financial service provider
15APurpose of FMA's powers relating to registration
The purpose of section 15B is to prevent a person (A) from being registered as a financial service provider if such registration has, will have, or is likely to have the effect of—
- creating, or causing the creation of, a false or misleading appearance with respect to the extent to which A—
- provides, or will provide, financial services in New Zealand; or
- provides, or will provide, financial services from a place of business in New Zealand; or
- is, or will be, regulated by New Zealand law in relation to a financial service; or
- provides, or will provide, financial services in New Zealand; or
- otherwise damaging the integrity or reputation of—
- New Zealand's financial markets; or
- New Zealand's law or regulatory arrangements for regulating those markets.
- New Zealand's financial markets; or
Notes
- Section 15A: inserted, on , by section 15 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).