New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Every issuer and every person acting on its behalf are exempted, in the case of any advertisement to which this notice applies, from—
(a) regulation 11(a) and (b) of the Regulations; and
(b) regulation 14(1) of the Regulations; and
(c) regulation 21 of the Regulations to the extent that regulation 21 requires an advertisement that states the rate or rates of interest that may be earned by holding securities to state any minimum amount or amounts of the securities that would have to be held in order to earn that rate or those rates.
(2) The exemption in subclause (1)(b) does not apply if the advertisement states or implies that the debt securities are secured.
