New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Registrar must deregister a financial service provider after a notice period in accordance with sections 19 and 20, if the Registrar is satisfied that the provider—
(a) is no longer qualified to be registered in accordance with section 13; or
(b) is no longer in the business of providing a financial service; or
(c) has been registered because of a false or misleading representation or omission; or
(d) has proffered an application fee or annual confirmation fee that has subsequently been dishonoured, declined, or reversed.
(2) The Registrar must deregister a financial service provider if the provider so requests in writing, with effect from any future date requested. The Registrar must notify any relevant licensing authority of this deregistration.
(3) For the purposes of this section and sections 19 and 20, notice period means 20 working days from the date of the Registrar’s notification under section 19.