New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 1 October 2011
| Public Act | 2008 No 97 |
| Date of assent | 29 September 2008 |
| Commencement | see section 2 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
This Act is administered by the Ministry of Economic Development.
5 Meaning of financial service
6 Meaning of in the business of providing a financial service
10 Registration and deregistration
Subpart 1—No holding out or being in business of providing financial service unless registered
11 No being in business of providing financial service unless registered
12 No holding out that in business of providing financial service unless registered
Subpart 2—Registration of financial service provider
13 Qualifications for registration as financial service provider
Application for registration as financial service provider
15 Application to be registered as financial service provider
16 Registration of financial service provider
Changes relating to financial service provider
17 Duty to notify changes relating to financial service provider
Deregistration of financial service provider
18 Deregistration of financial service provider
19 Notice of intention to deregister
20 Objection to proposed deregistration of financial service provider
21 Notification of deregistration of financial service provider
Reregistration of financial service provider
22 Reregistration of financial service provider
Responsible financial service provider
23 Responsible financial service provider
Subpart 3—Register of financial service providers
24 Register of financial service providers
25 Operation of and access to register
29 Registrar must amend register in certain circumstances
30 Registrar may refuse to accept document
33 When search breaches information privacy principle
34 Sharing information with other persons or bodies
Registrar of Financial Service Providers
36 Power of Registrar to delegate
Subpart 4—Registrar’s inspection powers
37 Registrar’s inspection powers
38 Disclosure of information and reports
39 Exercise of powers under section 37 not affected by appeal
40 Offence also committed by director
41 Offence to make false or misleading representation
42 Appeals from Registrar’s decisions
43 Decisions continue in effect until appeal
44 Regulations under Part 1 and this Part
Review and report on operation of this Part
45 Ministry must review and report on operation of this Part
46 Territorial scope [Repealed]
Subpart 1—Financial service provider must be member of dispute resolution scheme
48 Financial service provider must be member of dispute resolution scheme
49A Who are eligible investors
49B Acceptance of certification
49C Revocation of certification
49D How to opt out of being wholesale client
49E Giving revocation of certification or notification of opt out
49F Members of dispute resolution scheme must comply with rules and binding resolutions
49G Offence to fail to comply with District Court order
Subpart 2—Approval of dispute resolution schemes
50 Meaning of approved dispute resolution scheme
Approval of dispute resolution schemes
52 Mandatory considerations for approval
53 Minister must decide application for approval
54 Notification and publication of decision
55 Reapplication by unsuccessful applicant
57 Notice of intention to withdraw approval
58 Objection to intended withdrawal of approval
59 Approval is withdrawn from date person responsible for scheme is notified
60 Notification and publication of withdrawal of approval
61 Effect of withdrawal of approval on members of dispute resolution scheme
List of members of approved dispute resolution scheme
Rules about approved dispute resolution scheme
63 Rules about approved dispute resolution scheme
64 Obligation to publish rules
65 Duty to notify change to rules
66 Minister's consideration of change of rules
67 Duty to co-operate and communicate information in certain circumstances
Annual reports and information requests by Minister
69 Person responsible for approved dispute resolution scheme must supply further information on Minister’s request
70 Annual report and information requested by Minister to be publicly available
72 Appointment of reserve scheme
72A Reserve scheme: rules about fees and charges
73 Revocation of appointment as reserve scheme
74 Notice of intention to recommend revocation of appointment as reserve scheme under section 73(2)(a) or (b)
75 Objection to intended recommendation for revocation
76 Duty to co-operate and communicate information in certain circumstances
[Repealed]
77 Levy to fund reserve scheme [Repealed]
Publication of details relating to approved dispute resolution schemes and reserve scheme
78 Publication of details relating to approved dispute resolution schemes and reserve scheme
79 Regulations under this Part
Pecuniary and compensatory orders for contravening wholesale certification requirement
79A Pecuniary order for contravening wholesale certification requirement
79B Compensation for contravention of wholesale certification requirement
Review and report on operation of this Part
80 Ministry must review and report on operation of this Part
Schedule 1
Consequential amendment
