New Zealand Legislation: Bills
Bills are proposed Acts
(1) Each registered financial service provider must supply to the Registrar each year by the due date an annual confirmation of details relating to that provider.
(2) Each approved professional body (on behalf of each registered member) must supply to the Registrar each year by the due date an annual confirmation of details relating to that member.
(3) The annual confirmation must be in the form required by the Registrar (if any) and be accompanied by the prescribed fee (if any).
(4) If a registered financial service provider does not comply with subsection (1) within 3 months of the due date, the Registrar may assume that the provider is no longer providing or offering to provide a financial service and sections 17 to 19 apply.