New Zealand Legislation: Acts

48G Ongoing requirements for continuous disclosure regulations

• (1) This section applies if the Minister proposes to recommend regulations to amend, revoke, or replace regulations made under section 48E.

  (2) The Minister must, before making a recommendation under section 48E,—

  • (a) have regard to the purpose of subpart 1 of Part 2, the criteria stated in section 19A, and any other matters he or she considers relevant; and

  • (b) give written notice of the proposed recommendation to—

    • (i) the FMA; and

    • (ii) the relevant registered exchange; and

    • (iii) any other persons that the Minister thinks are representative of the interests of persons likely to be substantially affected by the proposal; and

  • (c) have regard to any submissions made by those persons within the notice period given; and

  • (d) give at least 14 days' written notice to the persons in paragraph (b), and in the Gazette, of his or her decision to do so.

  Section 48G: inserted, on 29 February 2008, by section 13 of the Securities Markets Amendment Act 2006 (2006 No 47).

  Section 48G(2)(b)(i): amended, on 1 May 2011, by section 84(3) of the Financial Markets Authority Act 2011 (2011 No 5).