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Deposit Takers Act 2023

Crisis management and resolution - Moratorium and restriction on resolution trigger

286: Bank must publish notice on Internet site

You could also call this:

"Banks must tell you what's happening on their website"

Illustration for Deposit Takers Act 2023

When something happens with a bank, you want to know what is going on. The Bank has to put a notice on its website as soon as it can. This notice is about what the Bank has to say under section 285(2), and you can find it on the Bank's Internet site.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS533459.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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285: Period of moratorium, or

"Time limit for helping a troubled deposit taker sort out its problems"

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287: Restriction on resolution trigger, or

"Rules to protect you when you're a deposit taker in trouble"

Part 7Crisis management and resolution
Moratorium and restriction on resolution trigger

286Bank must publish notice on Internet site

  1. The Bank must, as soon as practicable, publish a notice under section 285(2) on the Bank’s Internet site.