Financial Service Providers (Registration and Dispute Resolution) Act 2008

Reregistration of financial service provider

22 Reregistration of financial service provider

(1)

The Registrar may reregister a financial service provider who was deregistered—

(a)

on the grounds set out in section 18(1)(b) if the Registrar is satisfied that, at the time of deregistration, the financial service provider was in the business of providing a financial service and was required to be registered under section 11; or

(b)

on the grounds set out in section 18(1)(d) if the Registrar is satisfied that the application fee or annual confirmation fee or levy has been paid.

(2)

A reregistration is effective from the date of deregistration as if the deregistration had not occurred.

(3)

If the Registrar reregisters a financial service provider, the Registrar must notify—

(a)

the financial service provider; and

(b)

any relevant licensing authority; and

(c)

the public, by a notice that is publicly available on an Internet site (at all reasonable times) for not less than 20 working days.

(4)

A financial service provider may not apply to be reregistered under this section after the date that is 60 days after the date of deregistration.

(5)

This section does not prevent a person from making a new application for registration under section 15.

Section 22(1)(a): replaced, on 15 March 2021, by section 80(1) of the Financial Services Legislation Amendment Act 2019 (2019 No 8).

Section 22(1)(b): amended, on 1 July 2010, by section 18 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).

Section 22(4): inserted, on 15 March 2021, by section 80(2) of the Financial Services Legislation Amendment Act 2019 (2019 No 8).

Section 22(5): inserted, on 15 March 2021, by section 80(2) of the Financial Services Legislation Amendment Act 2019 (2019 No 8).