New Zealand Legislation: Regulations
Regulations are laws made under Acts
This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Rights, Options, and Convertible Securities) Exemption Notice 2002 (the principal notice) to extend the term for 5 years.
The Securities Commission considers it appropriate to extend the term of the principal notice because—
•the principal notice is a class exemption that was introduced to reduce compliance costs and to address rigidities in the application of the law in relation to certain rights, options, and convertible securities:
•the exemption has been in place for a number of years, and consultation by the Commission demonstrates support from market participants for the retention of the exemption.
