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Deposit Takers Act 2023

Crisis management and resolution - Covered bonds - Registration of covered bond programmes

415: Bank and issuer may agree to modify time limits

You could also call this:

"Banks and issuers can agree to change deadlines together."

Illustration for Deposit Takers Act 2023

The Bank and the issuer can agree to change the time limits set in sections 413 and 414. You can find these time limits in the links to sections 413 and 414. The Bank and the issuer make this agreement between themselves.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS498011.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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414: Bank must give notice of proposal to decline application, or

"The bank must tell you if they might not approve your application and why."

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416: Requirements relating to registered covered bond programmes, or

"Rules for companies with a registered covered bond programme"

Part 7Crisis management and resolution
Covered bonds: Registration of covered bond programmes

415Bank and issuer may agree to modify time limits

  1. The Bank and the issuer may agree to modify the time limits specified in sections 413 and 414.

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