Securities Act (Dividend Reinvestment) Exemption Notice 1998

2 Interpretation

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

  Act means the Securities Act 1978

  dividend means,—

  • (a) in relation to equity securities, a dividend within the meaning of the Companies Act 1993; and

  • (b) in relation to a unit in a unit trust or an interest in a group investment fund, a distribution of the income or gains (whether in the nature of capital or income) of the trust or fund to a holder of a unit in the trust or of an interest in the fund

  group investment fund means a group investment fund established under section 29 of the Trustee Companies Act 1967 or section 42A of the Public Trust Office Act 1957

  Regulations means the Securities Regulations 2009

  scheme—

  • (a) has the meaning given to it by the Act; and

  • (b) includes, in relation to an interest in a group investment fund, that group investment fund

  specified securities means the following kinds of securities:

  • (a) equity securities; or

  • (b) units in a unit trust; or

  • (c) interests in a group investment fund.

  (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.

  Clause 2(1) Regulations: amended, on 24 September 2010, by clause 5 of the Securities Act (Dividend Reinvestment) Exemption Amendment Notice 2010 (SR 2010/323).