Deposit Takers Act 2023

Crisis management and resolution - Resolution manager - Key duties

352: Resolution manager must act to further purposes of this Part

You could also call this:

"The resolution manager must work to achieve the main goals of this law."

Illustration for Deposit Takers Act 2023

The resolution manager has to do their job in a way that helps achieve the goals outlined in section 259. You can think of this as the manager working efficiently and effectively. They must make sure their actions support the purposes stated in that section.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS718149.


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351: Procedural requirements, or

"Rules for when the Minister can give directions to manage risks"


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353: Resolution manager must comply with directions of Bank, or

"Resolution manager must follow Bank's instructions"

Part 7Crisis management and resolution
Resolution manager: Key duties

352Resolution manager must act to further purposes of this Part

  1. A resolution manager must perform or exercise their functions, powers, and duties efficiently and effectively in a way that furthers the purposes set out in section 259.