Application
18 Application
The amendments made by this Part apply to a financial sector entity (within the meaning of the Financial Sector (Collection of Data) Act 2001) that is a body referred to in subitem (2) only on and after the day on which the reporting standards determined under section 13 of that Act begin to apply under section 15 of that Act to a class or kind of financial sector entities in which that body is included.
The bodies are:
ADIs; and
authorised NOHCs; and
subsidiaries of ADIs; and
subsidiaries of authorised NOHCs.
Expressions used in subitem (2) have the same meanings as in the Banking Act 1959.
Part 3-Insurance Act 1973
This Act’s bill:Explanatory memorandumSecond reading speech
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