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Reserve Bank of New Zealand Act 2021

Miscellaneous provisions - Council of Financial Regulators

287: Chairpersons of council

You could also call this:

"Who is in charge of the council?"

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The chairpersons of the council are the Reserve Bank and the Financial Markets Authority. You need to know that these two organisations share the role of chairperson. The Reserve Bank and the Financial Markets Authority can agree that one of them will be in charge of certain tasks or groups of tasks.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS325515.

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Topics:
Government and voting > Local councilsMoney and consumer rights > Banking and loans
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286: Function of council, or

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

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288: Members of council, or

"Who is on the Reserve Bank council?"

Part 6Miscellaneous provisions
Council of Financial Regulators

287Chairpersons of council

  1. The chairpersons of the council are the Bank and the Financial Markets Authority.

  2. The Bank and the Financial Markets Authority may agree that one of them is to carry out the chairperson’s functions in relation to a matter or class of matters.