Financial Service Providers (Registration) Amendment Regulations 2014

  • revoked
  • Financial Service Providers (Registration) Amendment Regulations 2014: revoked, on 15 March 2021, pursuant to regulation 25 of the Financial Service Providers (Registration) Regulations 2020 (LI 2020/316).

Reprint as at 15 March 2021

Coat of Arms of New Zealand

Financial Service Providers (Registration) Amendment Regulations 2014

(LI 2014/337)

Financial Service Providers (Registration) Amendment Regulations 2014: revoked, on 15 March 2021, pursuant to regulation 25 of the Financial Service Providers (Registration) Regulations 2020 (LI 2020/316).

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 3rd day of November 2014

Present:
His Excellency the Governor-General in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Business, Innovation, and Employment.

Pursuant to section 44 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008, His Excellency the Governor-General makes the following regulations, acting—

(a)

on the advice and with the consent of the Executive Council; and

(b)

on the recommendation of the Minister of Commerce and Consumer Affairs.

Regulations

1 Title

These regulations are the Financial Service Providers (Registration) Amendment Regulations 2014.

2 Commencement

These regulations come into force on 1 December 2014.

3 Principal regulations

These regulations amend the Financial Service Providers (Registration) Regulations 2010 (the principal regulations).

4 Schedule 1 amended

In Schedule 1, clause 7, delete—

(a)

“or the reserve scheme”; and

(b)

“or reserve scheme (as the case may be)”.

5 Schedule 3 amended

(1)

In Schedule 3, revoke clause 4.

(2)

In Schedule 3, clause 5, delete—

(a)

“or the reserve scheme”; and

(b)

“or reserve scheme (as the case may be)”.

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 1 December 2014, amend the Financial Service Providers (Registration) Regulations 2010 (the principal regulations).

Regulations 4 and 5 remove from Schedules 1 and 3 of the principal regulations references to the reserve scheme (that is, the government-established reserve dispute resolution scheme) that was formerly part of the financial service providers registration regime under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. The removal is consequential on the reserve scheme’s abolition on 1 July 2014 by the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 4 November 2014.

Reprints notes
1 General

This is a reprint of the Financial Service Providers (Registration) Amendment Regulations 2014 that incorporates all the amendments to those regulations as at the date of the last amendment to them.

2 Legal status

Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.

3 Editorial and format changes

Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.

4 Amendments incorporated in this reprint

Financial Service Providers (Registration) Regulations 2020 (LI 2020/316): regulation 25