New Zealand Legislation: Regulations

4 Persons who are not officers

• (1) In this regulation, excluded person means a person who does not—

  • (a) report directly to—

    • (i) a board of directors; or

    • (ii) the sole director of a public issuer if the public issuer has only 1 director; or

  • (b) report directly to a person who reports directly to—

    • (i) a board of directors; or

    • (ii) the sole director of a public issuer if the public issuer has only 1 director.

  • (c) [Revoked]

  • (d) [Revoked]

  (2) No excluded person is an officer for the purposes of the Act.

  Regulation 4(1)(b): substituted, on 9 October 2008, by regulation 5 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).

  Regulation 4(1)(c): revoked, on 9 October 2008, by regulation 5 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).

  Regulation 4(1)(d): revoked, on 9 October 2008, by regulation 5 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).