Securities Amendment Act 1996

  • repealed
  • Securities Amendment Act 1996: repealed, on 1 December 2014, pursuant to section 4(1)(a) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Reprint as at 1 December 2014

Securities Amendment Act 1996

Public Act1996 No 100
Date of assent2 September 1996
  • Securities Amendment Act 1996: repealed, on 1¬†December 2014, pursuant to section 4(1)(a) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No¬†70).


Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this eprint. See the notes at the end of this eprint for further details.

This Act is administered by the Ministry of Business, Innovation, and Employment.


Contents

Title

1 Short Title and commencement

2 Transitional provision relating to application of this Act

3 Interpretation

4 New sections inserted

5 Application of this Act

6 Exemptions from this Act

7 Previously allotted securities

8 Term implied in certain offers of previously allotted securities

9 Exemption for authorised life insurance companies

10 Appeals to High Court on questions of law

11 Restrictions on offer of securities to the public

12 Restrictions on distribution of prospectuses

13 Restrictions on door-to-door sales

14 Void irregular allotments

15 Voidable irregular allotments

16 Meaning of authorised advertisement

17 New sections inserted

18 Form and content of prospectus

19 Suspension and cancellation of registration of registered prospectus

20 Prohibition of advertisements

21 New heading inserted

22 Powers and duties of persons appointed to act as broker

23 Powers and duties of persons appointed to act as directors or secretary of nominee company

24 New sections substituted

25 Consequential repeals

26 Issuers to issue certificates evidencing securities

27 New sections inserted

28 Interpretation of provisions relating to advertisements, prospectuses, and registered prospectuses

29 Civil liability for misstatements in advertisement or registered prospectus

30 Civil liability for misstatements by expert

31 Other offences

32 Liability of officers and auditors of issuer

33 Registrar's powers of inspection

34 Appeals against Registrar's powers of inspection

35 Appeals against other decisions of Registrar

36 Appeals from decisions under section 67A

37 Regulations and Orders in Council

38 Action taken by Working Group on Improved Product and Investment Adviser Disclosure

39 Schedule 1 amended

Reprint notes


An Act to amend the Securities Act 1978

BE IT ENACTED by the Parliament of New Zealand as follows: