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Takeovers Act 1993

Investigation and enforcement - Investigation and enforcement by Panel - Exercise of inspection and evidence powers for overseas regulators

31R: Conditions that may be imposed on providing information to overseas regulators

You could also call this:

"Rules for sharing information with overseas regulators"

Illustration for Takeovers Act 1993

The Panel can impose conditions when giving information to overseas regulators. You need to know that these conditions can be about keeping things confidential, like personal information as defined in the Privacy Act 2020. The Panel can also impose conditions about how the information is stored, used, or accessed.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326160.

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31Q: Panel's consideration of requests, or

"The Panel thinks about and decides on requests for help from overseas regulators."

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31S: Undertakings to be obtained before providing certain information to overseas regulators, or

"Promise needed before sharing information with overseas regulators"

Part 3Investigation and enforcement
Investigation and enforcement by Panel: Exercise of inspection and evidence powers for overseas regulators

31RConditions that may be imposed on providing information to overseas regulators

  1. The Panel may impose any conditions in relation to providing information, documents, or evidence to an overseas regulator (whether in compliance with a request of an overseas regulator or otherwise).

  2. Those conditions may include, without limitation, conditions relating to—

  3. maintaining the confidentiality of anything provided (in particular, information that is personal information within the meaning of the Privacy Act 2020):
    1. the storing of, use of, or access to anything provided:
      1. the copying, returning, or disposing of copies of documents provided:
        1. payment of the costs incurred by the Panel in providing anything or in generally complying with a request.

          Notes
          • Section 31R: inserted, on , by section 33 of the Takeovers Amendment Act 2002 (2002 No 45).
          • Section 31R(2)(a): amended, on , by section 217 of the Privacy Act 2020 (2020 No 31).