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Reserve Bank of New Zealand Act 2021

Operation of Reserve Bank - Miscellaneous

202A: Consent to licence under Financial Markets Conduct Act 2013

You could also call this:

"Bank's approval for a licence under the Financial Markets Conduct Act"

Illustration for Reserve Bank of New Zealand Act 2021

You need to know about a rule called section 202A. It says the Bank must think about a request from the Financial Markets Authority. This request is under the Financial Markets Conduct Act 2013, specifically section 409A or clause 91 of Schedule 4.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1036243.

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Part 4Operation of Reserve Bank
Miscellaneous

202AConsent to licence under Financial Markets Conduct Act 2013

  1. If the Financial Markets Authority has asked for the Bank’s consent under section 409A or clause 91 of Schedule 4 of the Financial Markets Conduct Act 2013, the Bank must consider that request in accordance with that provision.

Notes
  • Section 202A: inserted, on , by section 26 of the Financial Markets (Conduct of Institutions) Amendment Act 2022 (2022 No 36).