New Zealand Legislation: Acts

4B Exemption from being issuer under section 4(1)(ba)

• (1) The Securities Commission may, by notice in the Gazette, exempt—

  • (a) a person from being an issuer under section 4(1)(ba); or

  • (b) a class of persons from being issuers under section 4(1)(ba).

  (2) The exemption may be granted on any terms and conditions that the Securities Commission thinks fit.

  (3) The Securities Commission may vary or revoke an exemption in the same way as an exemption may be granted under this section.

  (4) Each notice published in the Gazette under this section is a regulation for the purposes of the Regulations (Disallowance) Act 1989 and the Acts and Regulations Publication Act 1989.

  Sections 4A to 4D were inserted, as from 18 June 2007, by section 6 Financial Reporting Amendment Act 2006 (2006 No 64). See section 23(3) and (4) of that Act regarding the accounting periods to which amendments apply. See clause 2(1) Financial Reporting Amendment Act 2006 Commencement Order 2007 (SR 2007/110).