New Zealand Legislation: Acts

20 Objection to proposed deregistration of financial service provider

• (1) During the notice period, the financial service provider may object (with reasons) to the proposed deregistration under section 18(1).

  (2) If the Registrar receives an objection under subsection (1) within the notice period, the Registrar must consider the objection and must not proceed with a deregistration under section 18(1), unless the Registrar is satisfied that any of paragraphs (a) to (d) of section 18(1) applies.