New Zealand Legislation: Bills

20A Reregistration of financial service provider

• (1) The Registrar may reregister a financial service provider who was deregistered—

  • (a) on the grounds set out in section 17(1)(b) if the Registrar is satisfied that the financial service provider was still in the business of providing a financial service at the time of deregistration; or

  • (b) on the grounds set out in section 17(1)(d) if the Registrar is satisfied that the application fee or annual confirmation fee has been paid.

  (2) A reregistration is effective from the date of deregistration as if the deregistration had not occurred.

  (3) If the Registrar reregisters a financial service provider, the Registrar must notify—

  • (a) the financial service provider; and

  • (b) any relevant licensing authority; and

  • (c) the public, by a notice that is publicly available on an Internet site (at all reasonable times) for not less than 20 working days.