Securities Act (Amalgamations) Exemption Amendment Notice 2007

  • expired
  • Securities Act (Amalgamations) Exemption Amendment Notice 2007: expired, on 1 October 2012, pursuant to clause 3 of the Securities Act (Amalgamations) Exemption Notice 2002 (SR 2002/328).

Reprint
as at 1 October 2012

Securities Act (Amalgamations) Exemption Amendment Notice 2007

(SR 2007/79)

  • Securities Act (Amalgamations) Exemption Amendment Notice 2007: expired, on 1 October 2012, pursuant to clause 3 of the Securities Act (Amalgamations) Exemption Notice 2002 (SR 2002/328).


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 Financial Markets Authority.


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
  • This notice is the Securities Act (Amalgamations) Exemption Amendment Notice 2007.

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

3 Principal notice amended
4 Interpretation
  • The definition of FRS-29 in clause 4 is revoked and the following definition substituted:

    FRS-42 means the financial reporting standard known as Financial Reporting Standard No 42: Prospective Financial Statements, approved under the Financial Reporting Act 1993.

5 Further condition relating to prospective financial statements
  • (1) Clause 11(a) is amended by omitting FRS-29 and substituting FRS-42.

    (2) Clause 11(b)(ii) is amended by omitting FRS-29 and substituting FRS-42.

Dated at Wellington this 20th day of March 2007.

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

J Diplock,

Chairperson.

[Seal]


Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, updates references to FRS-29 in the Securities Act (Amalgamations) Exemption Notice 2002 with references to FRS-42. The Securities Commission considers it appropriate to amend the principal notice because Financial Reporting Standard No 29: Prospective Financial Information has been replaced by Financial Reporting Standard No 42: Prospective Financial Statements.


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

Date of notification in Gazette: 29 March 2007.


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 (Amalgamations) Exemption Amendment Notice 2007. The eprint incorporates all the amendments to the notice as at 1 October 2012. 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 (Amalgamations) Exemption Notice 2002 (SR 2002/328): clause 3