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Deposit Takers Act 2023

Crisis management and resolution - Resolution manager - Appointment of resolution manager

363: Resolution manager may resign

You could also call this:

"A resolution manager can quit their job by giving written notice to the Bank."

Illustration for Deposit Takers Act 2023

If you are a resolution manager, you can resign from your job by giving the Bank a written notice. You have to tell the Bank in writing that you want to resign. This is similar to what was stated in the 1989 legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS537233.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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362: Bank may terminate appointment of resolution manager, or

"The Bank can fire a resolution manager at any time and must tell them in writing."

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364: Bank may appoint replacement, or

"The Bank can choose a new person to do the job if the old one leaves or can't work."

Part 7Crisis management and resolution
Resolution manager: Appointment of resolution manager

363Resolution manager may resign

  1. A resolution manager may resign office by notice in writing to the Bank.

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