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Reserve Bank of New Zealand Act 2021

Miscellaneous provisions - Council of Financial Regulators

286: Function of council

You could also call this:

"The council's job is to help its members work together to regulate New Zealand's financial system."

Illustration for Reserve Bank of New Zealand Act 2021

The council's job is to help its members work together. You can think of it like a team working to make sure the financial system in New Zealand is well regulated. The council does this to support effective and responsive regulation of the financial system.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS321923.

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285: Council of Financial Regulators, or

"A group that helps with financial decisions in New Zealand"

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Part 6Miscellaneous provisions
Council of Financial Regulators

286Function of council

  1. The function of the council is to facilitate co-operation and co-ordination between members of the council to support effective and responsive regulation of the financial system in New Zealand.