New Zealand Legislation: Acts

54B Information to be disclosed by issuers on request

• (1) Every issuer of securities offered to the public shall, at the request of a security holder and on payment of any prescribed fee, send, or cause to be sent, to the security holder such documents, information, and other matters of a kind prescribed by regulations as are requested by the security holder.

  (2) The documents, information, and other matters must be sent to the security holder as soon as practicable but, in any event, within 5 working days of the issuer receiving the request.

  (3) Every issuer of securities offered to the public shall, upon the request of a security holder or a prospective investor for a copy of the registered prospectus relating to the securities, without fee, send, or cause to be sent, to that security holder or prospective investor,—

  • (a) A copy of that registered prospectus; and

  • (b) A copy of any financial statements of the issuer or scheme concerned that have been registered under the Financial Reporting Act 1993 and that are referred to in the registered prospectus; and

  • (c) A copy of any documents registered under this Act for the purpose of extending the period during which allotments may be made under the registered prospectus.

  (4) The documents referred to in subsection (3) of this section must be sent to the security holder or prospective investor as soon as practicable but, in any event, within 5 working days of the issuer receiving the request.

  Sections 54A and 54B were inserted, as from 1 October 1997, by section 27 Securities Amendment Act 1996 (1996 No 100). See section 2 of that Act for transitional provisions relating to its application.