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7 January 2017

Dear Law Gazette,

I have been informed by the Ministry of Justice in response to my request for information:

"With regards to key roles in an ABS firm, such as having a manager and compliance officers, the Legal Services Act 2007 requires that these positions are satisfied at all times. The ABS firm will need to notify the regulator of any changes to the key roles and these changes will need to be approved by the regulator. Failure to satisfy these roles will result in a breach of the ABS license."



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