Regulatory Alerts2022-05-17
Individual Controller Form for Non-bank Deposit Takers Licensing
The Reserve Bank of New Zealand requires individuals controlling 25% or more of a Non-bank Deposit Taker's governing body or 20% or more of its voting securities to complete this form during the licensing process. The document mandates the disclosure of contact details, professional background, financial commitments, and any history of financial markets compliance breaches or fraudulent activity. Controllers must ensure all information is accurate and complete, as providing false or misleading data constitutes a criminal offence and may lead to the review of licensing decisions.
Share