160 Further provision relating to acquisition of financial products, borrowing, guarantees, indemnities, and derivatives rules

(1)

Sections 161 to 164 apply subject to—

(a)

any regulations made under this Part; and

(b)

any approval given jointly by the entity’s responsible Minister and the Minister of Finance; and

(c)

an entity’s Act; and

(d)

an exemption granted in Schedule 1 or Schedule 2.

(2)

Sections 161 to 164 apply to a Crown entity subsidiary in the same way as they apply to its parent.

(3)

The Minister of Finance must notify in the Gazette an approval given under subsection (1)(b).

Section 160 heading: amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).