Securities Act (Citibank, NA) Exemption Notice 1993

  • revoked
  • Securities Act (Citibank, NA) Exemption Notice 1993: revoked, on 21 September 2007, by clause 4(c) of the Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277).

Reprint
as at 21 September 2007

Securities Act (Citibank, NA) Exemption Notice 1993

(SR 1993/223)

  • Securities Act (Citibank, NA) Exemption Notice 1993: revoked, on 21 September 2007, by clause 4(c) of the Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277).


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.

A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.

This notice is administered in the Securities Commission.


PURSUANT to the Securities Act 1978, the Securities Commission gives the following notice.

1 Title and commencement
  • (1) This notice may be cited as the Securities Act (Citibank, NA) Exemption Notice 1993.

    (2) This notice shall come into force on the day after the date of its notification in the Gazette.

2 Interpretation
  • (1) In this notice, unless the context otherwise requires,—

    The Act means the Securities Act 1978

    Annual report means an annual report prepared and signed pursuant to section 13 or section 15(d) of the Securities Exchange Act 1934 and incorporated in a Form 10-K report filed with the Securities and Exchange Commission of the United States of America

    Citicorp means Citicorp, a corporation incorporated or organised in the State of Delaware, United States of America

    The company means Citibank, NA, a subsidiary of Citicorp

    Quarterly report means a quarterly review of financial statements prepared and signed pursuant to section 13 or section 15(d) of the Securities Exchange Act 1934 and incorporated in a Form 10-Q report filed with the Securities and Exchange Commission of the United States of America

    The Regulations means the Securities Regulations 1983.

    (2) Any term or expression that is not defined in this notice, but that is defined in the Act or the Regulations, has the meaning given to it by the Act or the Regulations.

3 Citibank, NA exempted from regulation 12(1)(a) of Securities Regulations 1983 in respect of offers of certain debt securities
  • (1) Subject to subclause (2) of this clause, the company, and every person acting on its behalf, is exempted from compliance with the provisions of regulation 12(1)(a) of the Regulations in the case of any advertisement that relates to an offer of debt securities in the form of bonds denominated in New Zealand dollars of which the company is the issuer.

    (2) The exemption granted by subclause (1) of this clause is subject to the following terms and conditions:

    • (a) That the only person or persons, other than the company and its subsidiaries, the amount of whose assets or net assets are stated in the advertisement are Citicorp and its subsidiaries; and

    • (b) That the amount of the assets or net assets appears in the most recent annual report or quarterly report of Citicorp; and

    • (c) That the advertisement states prominently that neither Citicorp nor any subsidiary of Citicorp guarantees repayment of the debt securities.


Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

This notice exempts Citibank, NA, subject to conditions, from compliance with regulation 12(1)(a) of the Securities Regulations 1983 in the case of advertisements that relate to offers of certain debt securities.

Regulation 12(1)(a) prohibits any advertisement that refers to an offer of debt securities stating the amount of the assets or net assets of any person other than the total assets or net assets of the borrowing group.

The effect of the notice is to permit any advertisement relating to an offer of certain debt securities by Citibank, NA to refer to the assets or net assets of the Citicorp group.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 1 July 1993.


Contents

  • 1General

  • 2About this eprint

  • 3List of amendments incorporated in this eprint (most recent first)


Notes
1 General
  • This is an eprint of the Securities Act (Citibank, NA) Exemption Notice 1993. It incorporates all the amendments to the Securities Act (Citibank, NA) Exemption Notice 1993 as at 21 September 2007. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint
  • This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.

3 List of amendments incorporated in this eprint
(most recent first)
  • Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277): clause 4(c)