Part 8Miscellaneous
Regulations
465Regulations providing for taking into account funds that are withdrawn or available to eligible depositors during resolution
The Minister must, before recommending regulations under section 455(1)(l),—
- be satisfied that the regulations are necessary or desirable to fairly take into account the matter referred to in section 214(1)(b); and
- be satisfied that eligible depositors are likely to receive in connection with the regulations no less favourable treatment than would have been the case had a liquidation of the entity under New Zealand law commenced immediately before the entity entered into resolution; and
- have regard to the purpose of Part 6 set out in section 190.


