New Zealand Legislation: Regulations

8 Condition of exemption in clause 7

• (1) The exemption in clause 7 is subject to the condition that the World Bank, at the time that the advertisement is distributed to the public, has completed a certificate relating to the advertisement that complies with subclause (2).

  (2) The certificate must be in the form set out in Schedule 4 of the Regulations and must be signed by 2 persons, being—

  • (a) directors of the World Bank; or

  • (b) executive officers of the World Bank authorised by the directors of the World Bank to sign those certificates; or

  • (c) a director of the World Bank and an executive officer of the World Bank authorised by the directors of the World Bank to sign those certificates.

  (3) The exemption in clause 7 is subject to the further condition that the World Bank holds the certificate for at least 12 months from the date of the last distribution of the advertisement to which it relates.