Part 2Licensing of deposit takers
Issue of licences
15Bank may issue licence
The Bank may issue a licence in accordance with this subpart.
Deposit Takers Act 2023
Licensing of deposit takers - Issue of licences
15: Bank may issue licence
"The Bank can give a special permit called a licence if it follows the rules."
The Bank can give a licence if it follows the rules in this part. You need to know that the Bank has the power to issue a licence. The Bank will issue a licence according to the rules set out in this section.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS471961.