New Zealand Legislation: Regulations

7 Exemption from section 37A of Act for equity securities

• (1) Every person is exempted from section 37A of the Act in respect of any equity securities that are, or are to be, allotted—

  • (a) by an issuer that meets the requirements in clause 8; and

  • (b) under the terms of, or on the exercise by any person of a right conferred by, any convertible security that was allotted before 1 October 1997.

  (2) [Revoked]

  Clause 7(1)(b): amended, on 29 May 2009, by clause 7(1) of the Securities Act (Rights, Options, and Convertible Securities) Exemption Amendment Notice 2009 (SR 2009/149).

  Clause 7(2): revoked, on 29 May 2009, by clause 7(2) of the Securities Act (Rights, Options, and Convertible Securities) Exemption Amendment Notice 2009 (SR 2009/149).