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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Registration - Registration of financial service provider - Reregistration of financial service provider

22A: Registrar must not reregister financial adviser if direction has been made

You could also call this:

“The Registrar can't sign up a financial adviser again if they were told not to”

If someone wants to reregister as a financial adviser, the Registrar cannot allow it during a certain time period. This happens when the Registrar has been told not to let that person reregister. The instruction to not let the person reregister comes from specific parts of the Financial Markets Conduct Act 2013. These parts are called section 469(2)(b)(ii) or clause 46(3)(b)(ii) of Schedule 5. If the Registrar gets this instruction, they must follow it and not let the person reregister as a financial adviser during that time.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS464639.

Topics:
Business > Industry rules
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22: Reregistration of financial service provider, or

"Re-adding a financial service provider to the official list"

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22B: Suspension of registration, or

"When and how your registration as a financial service provider can be paused"

Part 2 Registration
Registration of financial service provider: Reregistration of financial service provider

22ARegistrar must not reregister financial adviser if direction has been made

  1. The Registrar must not reregister a person (A) in respect of a financial advice service during a period if the Registrar has received a direction under section 469(2)(b)(ii) or clause 46(3)(b)(ii) of Schedule 5 of the Financial Markets Conduct Act 2013 to prevent A from being reregistered during that period.

Notes
  • Section 22A: inserted, on , by section 81 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).