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Deposit Takers Act 2023

Licensing of deposit takers - Bank’s approval required for certain changes - Process for approval

47: Request for approval

You could also call this:

"Asking the Bank to Say Yes to a Change"

Illustration for Deposit Takers Act 2023

If you want the Bank to approve something under this part of the law, you must ask them in the way they say to. The Bank gets to decide how you make this request. You can make this request with other people if you are all involved in the change that needs approval.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS494566.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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46: Meaning of proposed change, or

"What a 'proposed change' means in the law about companies that take deposits"

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48: Report on proposal, or

"Getting a report to help make a good decision about a proposed change"

Part 2Licensing of deposit takers
Bank’s approval required for certain changes: Process for approval

47Request for approval

  1. A request for the Bank to give its approval under this subpart must be made in the manner that the Bank specifies.

  2. A joint request may be made by 2 or more persons that are parties to the proposed change.