New Zealand Legislation: Regulations

15 Persons to whom disclosure notice must be given

• (1) Every director or officer who must complete a disclosure notice under regulation 5 must—

  • (a) give the disclosure notice to the registered exchange with which the public issuer is listed; and

  • (b) give the disclosure notice to the public issuer to enable the public issuer to enter it in the public issuer’s interests register.

  (2) However, a director or officer may authorise (by whatever means he or she wishes) another person (whether by name or by title) to give the disclosure notice to the registered exchange and the public issuer on his or her behalf.

  (3) A disclosure notice that is given on behalf of a director or officer—

  • (a) is treated (subject to evidence to the contrary) as having been given by a person authorised by the director or officer; and

  • (b) must be treated in all respects as if it had been given by the director or officer.

  (4) It is not an excuse for non-disclosure that the director or officer authorised another person to give the disclosure notice on his or her behalf, but the authorised person failed to give it as authorised.

  Regulation 15(2): added, on 9 October 2008, by regulation 12 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).

  Regulation 15(3): added, on 9 October 2008, by regulation 12 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).

  Regulation 15(4): added, on 9 October 2008, by regulation 12 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).