New Zealand Legislation: Acts
Acts are laws made by Parliament
In this Act, financial service means any of the following financial services:
(a) a financial adviser service:
(ab) a broking service:
(b) acting as a deposit taker as defined in the Reserve Bank of New Zealand Act 1989:
(c) being a registered bank:
(d) keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons:
(e) providing credit under a credit contract:
(f) operating a money or value transfer service:
(g) issuing and managing means of payment (for example, credit and debit cards, cheques, travellers’ cheques, money orders, bankers’ drafts, and electronic money):
(h) giving financial guarantees:
(i) participating in an offer of securities to the public in either of the following capacities (within the meaning of those terms under section 2(1) of the Securities Act 1978):
(i) as an issuer of the securities:
(ii) as a promoter:
(ia) acting in any of the following capacities (within the meaning of those terms under section 2(1) of the Securities Act 1978) in respect of securities offered to the public:
(i) as a trustee:
(ia) as a statutory supervisor:
(ii) as a unit trustee:
(iii) as a superannuation trustee:
(iv) as a manager:
(j) changing foreign currency:
(k) entering into derivative transactions, or trading in money market instruments, foreign exchange, interest rate and index instruments, transferable securities (including shares), and futures contracts on behalf of another person:
(l) providing forward foreign exchange contracts:
(m) acting as an insurer:
(n) providing any other financial service that is prescribed for the purposes of New Zealand complying with the FATF Recommendations, other recommendations by FATF, or other similar international obligations that are consistent with the purpose of this Act.
Section 5(ab): inserted, on 1 July 2010, by section 8(1) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
Section 5(i): substituted, on 1 July 2010, by section 8(2) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
Section 5(ia): inserted, on 1 July 2010, by section 8(2) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
Section 5(ia)(ia): inserted, on 1 October 2011, by section 61(2) of the Securities Trustees and Statutory Supervisors Act 2011 (2011 No 10).
Section 5(m): substituted, on 1 July 2010, by section 8(3) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
