If you are a licensed deposit taker, you must make sure you have good ways to check that you are following the prudential obligations. You need to have methods in place to monitor how well you are complying with these obligations. This means you have to keep an eye on whether you are doing what you are supposed to do according to the rules.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS496343.
Every licensed deposit taker must ensure that there are in place effective methods for monitoring the licensed deposit taker’s compliance with the prudential obligations.
