Reserve Bank of New Zealand Act 1989

  • not the latest version
156AB Penalty for offences relating to supply of information, etc

(1)

A person who commits an offence under any of the provisions listed in subsection (2) is liable, on conviction,—

(a)

in the case of an individual, to imprisonment for a term not exceeding 12 months or to a fine not exceeding $100,000:

(b)

in the case of a body corporate, to a fine not exceeding $1,000,000.

(2)

The provisions are—

(a)

section 74 (which relates to failing to comply with a condition of registration):

(b)

section 89B (which relates to failing to make the most recent disclosure statement publicly available):

(c)

section 93 (which relates to a registered bank failing to comply with provisions concerning the supply of information for the purposes of prudential supervision and to supplying information that is false or misleading in a material particular):

(d)

section 93B (which relates to a person failing, after being required by a registered bank to do so, to supply the registered bank with information, data, or forecasts relating to that person in order to enable the registered bank to comply with a notice under section 93):

(e)

section 93C (which relates to a person failing to comply with provisions concerning the supply of information for the purposes of prudential supervision and to supplying information that is false or misleading in a material particular):

(f)

section 99(3) (which relates to hindering, obstructing, or delaying the conduct of an inspection).

(g)

section 139E(5)(a) (which relates to issuing a covered bond other than under a registered covered bond programme):

(h)

section 139E(5)(b) (which relates to permitting the issue of a covered bond other than under a registered covered bond programme):

(i)

section 139E(5)(c) (which relates to providing false or misleading information to the Bank in relation to an application to register a covered bond programme):

(j)

section 139H(4) (which relates to failing to comply with a notice issued by the Bank in relation to the requirements relating to a registered covered bond programme).

Section 156AB: inserted, on 21 August 2003, by section 40 of the Reserve Bank of New Zealand Amendment Act 2003 (2003 No 46).

Section 156AB(1): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).

Section 156AB(2)(g): inserted, on 10 December 2013, by section 10 of the Reserve Bank of New Zealand (Covered Bonds) Amendment Act 2013 (2013 No 103).

Section 156AB(2)(h): inserted, on 10 December 2013, by section 10 of the Reserve Bank of New Zealand (Covered Bonds) Amendment Act 2013 (2013 No 103).

Section 156AB(2)(i): inserted, on 10 December 2013, by section 10 of the Reserve Bank of New Zealand (Covered Bonds) Amendment Act 2013 (2013 No 103).

Section 156AB(2)(j): inserted, on 10 December 2013, by section 10 of the Reserve Bank of New Zealand (Covered Bonds) Amendment Act 2013 (2013 No 103).