New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Every person is exempted from section 37A(1)(a) of the Act in respect of any allotment of securities to any subscriber for those securities in whose favour an offer of those securities (being an offer of securities to which regulation 4(1)(a) of the Securities Regulations 1983 or regulation 6(1)(a) and (2) of the Regulations applies) has been renounced.
(2) Every person is exempted from section 37A(1)(ab)(i) of the Act in respect of an allotment of securities to a subscriber for those securities in whose favour an offer of those securities has been renounced to the extent that the offer is an offer made to persons who already hold securities of the issuer.
Clause 10 heading: amended, on 1 October 2009, by clause 5(1) of the Securities Act (Rights, Options, and Convertible Securities) Exemption Amendment Notice (No 2) 2009 (SR 2009/265).
Clause 10(1): amended, on 1 October 2009, by clause 5(2) of the Securities Act (Rights, Options, and Convertible Securities) Exemption Amendment Notice (No 2) 2009 (SR 2009/265).
Clause 10(2): added, on 1 October 2009, by clause 5(3) of the Securities Act (Rights, Options, and Convertible Securities) Exemption Amendment Notice (No 2) 2009 (SR 2009/265).