Deposit Takers (Goldman Sachs JBWere Capital Markets Limited) Exemption Revocation Notice 2010

2010/177

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Deposit Takers (Goldman Sachs JBWere Capital Markets Limited) Exemption Revocation Notice 2010

Pursuant to section 157G of the Reserve Bank of New Zealand Act 1989, the Reserve Bank of New Zealand gives the following notice (to which is appended a statement of reasons of the Bank).

Notice

1 Title
  • This notice is the Deposit Takers (Goldman Sachs JBWere Capital Markets Limited) Exemption Revocation Notice 2010.

2 Commencement
  • This notice comes into force on the day after the date of its notification in the Gazette.

Dated at Wellington this 16th  day of June 2010.

Grant Spencer,
Deputy Governor.


Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, revokes the Deposit Takers (Goldman Sachs JBWere Capital Markets Limited) Exemption Notice 2010. That notice exempted Goldman Sachs JBWere Capital Markets Limited from section 157I of the Reserve Bank of New Zealand Act 1989 (the Act), which requires a deposit taker (within the meaning of the Act) to have a current credit rating.

Goldman Sachs JBWere Capital Markets Limited has now obtained a current credit rating and the exemption is no longer required.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 24 June 2010.

This notice is administered by the Reserve Bank of New Zealand.