New Zealand Legislation: Acts

78 Power to extend Part 2 and Regulations under application regime

• (1) The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations, for the purpose of implementing an application regime for a designated country, that provide for—

  • (a) the application of provisions of Part 2 and the Regulations to securities offered to persons in that country; and

  • (b) the other matters set out in section 79.

  (2) The Minister may recommend making an Order in Council under this section only—

  • (a) if he or she is satisfied that it is appropriate for New Zealand securities laws to apply to securities offered to persons in the designated country as set out in the proposed application regime; and

  • (b) after consulting with the FMA.

  Section 78: added, on 1 December 2002, by section 26 of the Securities Amendment Act 2002 (2002 No 43).

  Section 78(2)(b): amended, on 1 May 2011, by section 84(3) of the Financial Markets Authority Act 2011 (2011 No 5).