If you are a licensed deposit taker, you must follow all the rules that apply to you. You have to comply with all the applicable standards. This means you must do what the standards say.
If you do not follow the standards, you might get in trouble. You can check subpart 2 of Part 5 to see what happens if you break a standard. A court can impose a pecuniary penalty if you contravene an applicable standard.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS499973.
A licensed deposit taker must comply with all applicable standards.
See subpart 2 of Part 5, which provides for a court to impose a pecuniary penalty for a contravention of an applicable standard.
