New Zealand Legislation: Regulations

7 Conditions

• The exemptions in clause 6 are subject to the conditions that—

  • (a) the exempt issuer, in relation to its specified financial statements, complies with the laws of the specified jurisdiction in which it is incorporated that relate to the preparation, content, auditing, and public filing of those statements (including the overseas legislation); and

  • (b) the specified financial statements of the exempt issuer comply with the overseas GAAP; and

  • (c) if, in complying with the overseas GAAP, the specified financial statements do not give a true and fair view of the matters to which they relate, the directors of the exempt issuer add information and explanations that will give a true and fair view of those matters.