New Zealand Legislation: Bills
Bills are proposed Acts
In this Act, financial service means any of the following financial services that is not provided in the context of a financial adviser service:
(aa) a financial adviser service:
(a) accepting deposits:
(a) acting as a deposit taker as defined in the Reserve Bank of New Zealand Act 1989:
(ab) being a registered bank:
(b) keeping, investing, administering, or managing money, or securities, or investment portfolios on behalf of other persons:
(c) lending money or securities and providing credit (for example, under a credit contract within the meaning of the Credit Contracts and Consumer Finance Act 2003):
(d) providing financial leases, except under a contract that is not a consumer credit contract under section 15 of the Credit Contracts and Consumer Finance Act 2003:
(e) operating a money or value transfer service:
(f) issuing and managing means of payment (for example, credit and debit cards, cheques, travellers’ cheques, money orders, bankers’ drafts, and electronic money):
(g) giving financial guarantees:
(h) participating in securities issues the offer of a security to the public as any of the following:
(i) an issuer, a contributory mortgage broker, a trustee, a unit trustee, a superannuation trustee, a statutory supervisor, a promoter, or a manager within the meaning of those terms in section 2(1) of the Securities Act 1978:
(ii) a public issuer within the meaning of that term in section 2(1) of the Securities Markets Act 1988:
(iii) a provider of lending facilities:
(i) changing foreign currency:
(j) entering into derivative transactions, or trading in money market instruments, foreign exchange, interest rate and index instruments, transferable securities (including shares), and commodity futures contracts on behalf of another person:
(k) providing forward foreign exchange contracts:
(l) managing individual or collective investment portfolios:
(m) underwriting and placing insurance:
(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.