Banking (Prudential Supervision) Act 1989

If you need more information about this Act, please contact the administering agency: Reserve Bank of New Zealand
1B Overview

(1)

In this Act,—

(a)

Part 4 imposes limits on the use of the words “bank”, “banker”, and “banking”:

(b)

Part 5 provides for the registration of banks and the prudential supervision of registered banks:

(c)

Part 5A provides for the retention of documents by banks:

(d)

Part 5B provides for oversight of payment systems:

(e)

Part 5C regulates designated settlement systems:

(f)

Part 7 deals with regulations, offences, and other miscellaneous matters.

(2)

This section is only a guide to the general scheme and effect of this Act.

(3)

In addition, the Reserve Bank of New Zealand Act 2021 provides for the Reserve Bank of New Zealand.

Section 1B: inserted, on 1 July 2022, by section 299(1) of the Reserve Bank of New Zealand Act 2021 (2021 No 31).