Pursuant to section 71 of the Reserve Bank of New Zealand Act 1989, the name of:
AMP Bank Limited
was removed from the Register of Registered Banks on
27 September 2004.
Pursuant to section 65 (1) (a) of the Reserve Bank of
New Zealand Act 1989, the Reserve Bank has authorised AMP Bank Limited to continue using the names:
AMP Bank Limited; and
AMP Banking
after de-registration.
The authorisation has been granted, subject to the condition that AMP Bank Limited carries on in New Zealand only certain specified activities and the condition that it uses
only the names AMP Bank Limited and AMP Banking in carrying on those specified activities.
The Reserve Bank has granted this authorisation to enable AMP Bank Limited to complete the winding up of its
New Zealand business.
ADRIAN ORR, Deputy Governor and Head of Financial Stability, Reserve Bank of New Zealand.