Part 2Licensing of deposit takers
Key provisions
13No holding out as licensed
A person that is not licensed as a deposit taker must not, directly or indirectly, hold out that the person is a licensed deposit taker.
Deposit Takers Act 2023
Licensing of deposit takers - Key provisions
13: No holding out as licensed
"Don't pretend to be a licensed deposit taker if you're not one"
If you are not licensed as a deposit taker, you must not say or do anything that makes people think you are. This means you cannot pretend to be a licensed deposit taker, either directly or indirectly. You have to be honest about whether you are licensed or not.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS469581.