Electronic Identity Verification Amendment Regulations (No 2) 2014

2014/211

Coat of Arms of New Zealand

Electronic Identity Verification Amendment Regulations (No 2) 2014

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 23rd day of June 2014

Present:
The Right Hon John Key presiding in Council

Pursuant to section 67 of the Electronic Identity Verification Act 2012, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title
  • These regulations are the Electronic Identity Verification Amendment Regulations (No 2) 2014.

2 Commencement
  • These regulations come into force on 24 July 2014.

3 Principal regulations
4 Regulation 4 amended (Participating agencies)
  • Replace regulation 4(e) with:

    • (e) every licensed insurer within the meaning of section 6(1) of the Insurance (Prudential Supervision) Act 2010:

    • (f) every licensed NBDT within the meaning of section 4(1) of the Non-bank Deposit Takers Act 2013:

    • (g) every holder of a market services licence within the meaning of section 6(1) of the Financial Markets Conduct Act 2013:

    • (h) every authorised financial adviser within the meaning of section 5 of the Financial Advisers Act 2008:

    • (i) every qualifying financial entity within the meaning of section 5 of the Financial Advisers Act 2008:

    • (j) each of the bodies listed in Schedule 1.

5 Schedule 1 amended
  • In Schedule 1, insert in their appropriate alphabetical order the items set out in the Schedule of these regulations.


Schedule
New items inserted in Schedule 1

r 5

New Zealand Racing Board

OM Financial Limited

Plej Limited

Michael Webster,
Clerk of the Executive Council.


Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 24 July 2014, amend the Electronic Identity Verification Regulations 2013 (the principal regulations). The principal regulations are made under the Electronic Identity Verification Act 2012 (the Act).

The Act provides for the Electronic Identity Verification Service (the Service). Among other things, the Service enables a person to verify his or her identity by electronic means in order to meet the identification requirements of participating agencies in relation to certain transactions and services. The Service also enables entities that are declared by regulations to be participating agencies to verify a person’s identity by electronic means, provided they have the person’s consent to verification using the Service.

These regulations add 5 new classes of organisation and 3 individually named bodies to those declared by regulation 4 of the principal regulations to be participating agencies for the purposes of the Act.


Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 26 June 2014.

These regulations are administered by the Department of Internal Affairs.