Examples of NBDT Act in a sentence
It is a NBDT registered under the NBDT Act and a mortgage lending company.
We are a non-bank deposit taker (NBDT) in terms of the Non-Bank Deposit Takers Act 2013 (NBDT Act) and are licensed under section 14 of the NBDT Act, subject to conditions imposed by the Reserve Bank of New Zealand (Reserve Bank).
Unpaid interest due* 146Amount outstanding at 31 December 2003 15.186* unpaid interest due within the meaning of the Regulation establishing the Guarantee Fund The ratio between the Fund’s resources and outstanding capital liabilities, within the meaning of the Regulation establishing the Fund, was 10,48%, which is higher than the target figure of 9% set in Regulation No 1149/1999 amending Regulation No 2728/94 establishing the Fund.
We are a non-bank deposit taker (NBDT) in terms of the Non-bank Deposit Takers Act 2013 (the NBDT Act) and are licensed under section 14 of the NBDT Act, subject to conditions imposed by the Reserve Bank of New Zealand (Reserve Bank).
The Exemption Notice applied because the average consolidated liabilities of the Credit Union are less than $20 million, making it unduly onerous for the Credit Union to comply with the requirement under the NBDT Act to have a credit rating and the Credit Union maintained a capital ratio of at least 10%.
A detailed review of questions in the questionnaires, mock interviews between training participants, class exercises, field practice, and exams were the main components of the training of enumerators’ workshop.
Currently sectoral Acts comprise the Insurance (Prudential Supervision) Act 2010, the NBDT Act, and the Financial Markets Infrastructures Bill.
FMSs also have specific requirements under the NBDT Act in relation to risk management.
Once implemented, the Deposit Takers Act will subsume the NBDT Act.
GuarantorsThe Shares and returns on Shares are not guaranteed by the Supervisor, and no party other than Unity Credit Union and NZFP is responsible for repayment.NZFP is a guaranteeing subsidiary of Unity Credit Union for the purposes of the NBDT Act and the Trust Deed, in accordance with a supplementary trust deed dated 24 August 2021.