New Zealand Legislation: Regulations

13 Alleged breach must be notified and affected participants may join as parties

• (1) At the same time as the market administrator gives notice under regulation 12(1)(b), the market administrator must notify all other participants of the contents of that notice.

  (2) Within 5 business days after the market administrator notifies the participants of the content of the notice under subclause (1), any participant may notify the market administrator that it considers that it is affected by the alleged breach and wishes to become a party to the breach notice.

  (3) The participant is then joined as a party to the breach notice.