The Bank can make a rule that applies to a group of people. You might be part of this group if you are a relevant person. The Bank can decide what this rule says.
The rule can include things that are mentioned in section 451. This means the Bank can pick one or more of these things to include in the rule. The rule will apply to the group of people the Bank chooses.
When the Bank makes this rule, it is like a smaller law, which is called secondary legislation. To learn more about how these smaller laws are published, you can look at Part 3 of the Legislation Act 2019. This will help you understand how the Bank's rule is shared with everyone.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS582752.
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The Bank may issue under this section a notice that applies to a class of relevant persons.
The notice may specify 1 or more of matters referred to in section 451.
A notice issued under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).
