Deposit Takers Act 2023

Miscellaneous - Bank’s power to specify how things are done

449: Bank may require particular persons to comply with specified requirements

You could also call this:

"The Bank can ask certain people to follow specific rules."

Illustration for Deposit Takers Act 2023

The Bank can send a notice to certain people they have chosen. You might get this notice if you are one of these people. The notice can tell you to do something that is mentioned in section 451.

The Bank decides what the notice says and who gets it. They can pick one person or many people to send the notice to. The notice will say what you need to do.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS497939.


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448: When subpart applies, or

"When you must follow the Bank's rules to do something under the Deposit Takers Act 2023."


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450: Bank may require class of persons to comply with requirements, or

"The Bank can make rules for certain groups of people to follow."

Part 8Miscellaneous
Bank’s power to specify how things are done

449Bank may require particular persons to comply with specified requirements

  1. The Bank may give a notice to 1 or more named relevant persons.

  2. The notice may specify 1 or more of matters referred to in section 451.