Securities Act (Overseas Companies) Exemption Amendment Notice 2004

  • revoked
  • Securities Act (Overseas Companies) Exemption Amendment Notice 2004: revoked, on 1 April 2013, pursuant to clause 13 of the Securities Act (Overseas Companies) Exemption Notice 2013 (SR 2013/66).

Reprint
as at 1 April 2013

Securities Act (Overseas Companies) Exemption Amendment Notice 2004

(SR 2004/314)

  • Securities Act (Overseas Companies) Exemption Amendment Notice 2004: revoked, on 1 April 2013, pursuant to clause 13 of the Securities Act (Overseas Companies) Exemption Notice 2013 (SR 2013/66).


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 by the Securities Commission.


Pursuant to the Securities Act 1978, the Securities Commission gives the following notice (to which is appended a statement of reasons of the Securities Commission).

1 Title
2 Commencement
  • This notice comes into force on the day after the date of its notification in the Gazette.

3 Interpretation
  • Clause 4(1) of the principal notice is amended by inserting in the definition of specified exchange, after the word America,, the word Spain,.

Dated at Wellington this 10th day of September 2004.

The Common Seal of the Securities Commission was affixed in the presence of:

JDiplock,

Chairperson.

[LS]


Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Overseas Companies) Exemption Notice 2002 ( the principal notice) by including stock exchanges in Spain within the definition of specified exchange.

The Securities Commission considers that the amendment is appropriate because—

  • the principal notice is intended to allow New Zealand share-holders in overseas companies to participate in rights offers and offers of securities arising from reconstructions. The principal notice is available to issuers listed in specified jurisdictions; and

  • Spain is a member of the International Organization of Securities Commissions (IOSCO). The Spanish securities regulator is also a signatory to the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information. Spanish securities law requires disclosure of information for investors to an extent broadly comparable with New Zealand law; and

  • the Spanish stock exchanges are members of the World Federation of Exchanges and subject to the principles of the World Federation of Exchanges; and

  • taking these factors into account the Securities Commission is satisfied that it is appropriate to include Spanish exchanges in the list of specified exchanges in the principal notice.


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

Date of notification in Gazette: 16 September 2004.


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 (Overseas Companies) Exemption Amendment Notice 2004. The eprint incorporates all the amendments to the notice as at 1 April 2013. 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 that cannot be compiled in the eprint are also included, after the principal enactment, in chronological order.

2 About this eprint
3 List of amendments incorporated in this eprint (most recent first)
  • Securities Act (Overseas Companies) Exemption Notice 2013 (SR 2013/66): clause 13


  • 1 SR 2002/299