Subpart 4—Registers and keeping copies of documents

Registers

215 Issuers must keep registers of regulated products

(1)

Every issuer of regulated products must ensure that there is kept, in the manner specified in section 216,—

(a)

a register of those regulated products and of all financial products that are of the same class as those regulated products of which it is the issuer; and

(b)

a register of other financial products of which it is the issuer that is required to be kept by the regulations.

(2)

However, subsection (1) does not apply—

(a)

to derivatives (unless those derivatives are of a prescribed type); or

(b)

to prescribed financial products; or

(c)

otherwise in the prescribed circumstances.

(3)

If subsection (1) does not apply to derivatives of a particular type, the issuer must comply with the requirements prescribed for the purposes of this subsection (if any).

(4)

An issuer that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $50,000.

(5)

The offence in this section is an infringement offence (see subpart 5 of Part 8).

Compare: 1978 No 103 s 51(1)