The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

These regulations are administered by the Reserve Bank of New Zealand.

Pursuant to section 78 of the Reserve Bank of New Zealand Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank of New Zealand, makes the following regulations.

1	Title
2	Commencement
3	Additional matters relating to carrying on business in prudent manner
4	Transitional provision relating to applications for registration
	Gazette Information
	Notes

Regulations

1 Title

These regulations are the Reserve Bank of New Zealand (Registration and Supervision of Banks) Regulations 2008.

2 Commencement

These regulations come into force on the 28th day after the date of their notification in the Gazette.

3 Additional matters relating to carrying on business in prudent manner

(1)

The matters set out in subclause (2) are additional matters for the purposes of section 78(1)(g) of the Banking (Prudential Supervision) Act 1989 (the Act).

(2)

The additional matters are the policies, systems, and procedures, or proposed policies, systems, and procedures, to detect and deter money laundering and the financing of terrorism.

Regulation 3(1): amended, on 1 July 2022, by section 300(2) of the Reserve Bank of New Zealand Act 2021 (2021 No 31).

4 Transitional provision relating to applications for registration

If an application under section 70 of the Act is made before the date on which these regulations come into force, these regulations apply to a determination of the application.

Rebecca Kitteridge,
Clerk of the Executive Council.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 2 October 2008.

Notes

1 General

This is a consolidation of the Reserve Bank of New Zealand (Registration and Supervision of Banks) Regulations 2008 that incorporates the amendments made to the legislation so that it shows the law as at its stated date.

2 Legal status

A consolidation is taken to correctly state, as at its stated date, the law enacted or made by the legislation consolidated and by the amendments. This presumption applies unless the contrary is shown.

Section 78 of the Legislation Act 2019 provides that this consolidation, published as an electronic version, is an official version. A printed version of legislation that is produced directly from this official electronic version is also an official version.

3 Editorial and format changes

The Parliamentary Counsel Office makes editorial and format changes to consolidations using the powers under subpart 2 of Part 3 of the Legislation Act 2019. See also PCO editorial conventions for consolidations.

4 Amendments incorporated in this consolidation

Reserve Bank of New Zealand Act 2021 (2021 No 31): section 300(2)

Reserve Bank of New Zealand (Registration and Supervision of Banks) Regulations 2008