Financial Service Providers (Registration and Dispute Resolution) Act 2008

20 Objection to proposed deregistration of financial service provider

(1)

During the notice period, the financial service provider may object (with reasons) to the proposed deregistration under section 18(1).

(2)

If the Registrar receives an objection under subsection (1) within the notice period, the Registrar must consider the objection and must not proceed with a deregistration under section 18(1), unless the Registrar is satisfied that any of paragraphs (a) to (d) of section 18(1) applies.

(3)

In the case of section 16(1B), the only valid objection to the proposed deregistration is that the provider complied with the requirement under section 16(1A).

Section 20(3): inserted, on 15 March 2021, by section 78 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).