Regulatory Alerts2022-05-17
Non-bank Deposit Takers (UDC Finance Limited) Exemption Amendment Notice 2016
The Reserve Bank of New Zealand issued this notice to extend the regulatory exemptions granted to UDC Finance Limited until 1 September 2016. The amendment modifies the Non-bank Deposit Takers (UDC Finance Limited) Exemption Notice 2015 by replacing the previous expiry date of 1 June 2016 with the new date. This three-month extension provides the Bank additional time to consider UDC's application for continued exemptions and allows UDC a reasonable transition period to comply with requirements if the application is declined.
Share