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Financial Markets Conduct Act 2013

Governance of financial products - Registers and keeping copies of documents - Registers

220: Issuer must notify Registrar of registers

You could also call this:

"Tell the Registrar where your important company records are kept"

Illustration for Financial Markets Conduct Act 2013

If you issue regulated products, you must tell the Registrar where your registers are kept. You must also tell the Registrar if you change the place where your registers are kept. You have 10 working days to send the notice after you set up your register or change its location. This rule does not apply to companies that keep their registers at their registered office.

If you do not follow this rule, you can be fined up to $50,000. The Registrar can also consider this offence as an infringement offence, see subpart 5 of Part 8. You can face this fine if you break the rule and are convicted.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091245.

Topics:
Business > Industry rulesBusiness > Fair tradingMoney and consumer rights > Banking and loans
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Part 4Governance of financial products
Registers and keeping copies of documents: Registers

220Issuer must notify Registrar of registers

  1. Every issuer of regulated products must send a notice to the Registrar of the place where its registers under this subpart are kept and of any change in that place.

  2. The notice must be sent within 10 working days after the register being established or after the change in place (as the case may be).

  3. This section does not apply to an issuer that is a company if the registers of the company are kept at its registered office.

  4. An issuer that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $50,000.

  5. The offence in this section is an infringement offence (see subpart 5 of Part 8).

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