New Zealand Legislation: Bills

18 Notice of intention to deregister

• (1) The Registrar must notify a financial service provider and any relevant licensing authority of the Registrar’s intention to deregister the provider under section 17(1).

  (2) The Registrar’s notice must set out—

  • (a) that the Registrar intends to deregister the provider under either section 17(1)(a) or (b) 17(1) (stating whichever paragraph applies); and

  • (b) the reasons why the Registrar considers the relevant paragraph in section 17(1)(a) or (b) 17(1) applies; and

  • (c) that there is a notice period before deregistration occurs during which the provider may object, under section 19, to the deregistration.