Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007

  • expired
  • Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007: expired, on 1 March 2008, pursuant to clause 3 of the Securities Act (Canterbury Building Society) Exemption Notice 2007 (SR 2007/350).

Reprint
as at 1 March 2008

Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007

(SR 2007/360)

  • Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007: expired, on 1 March 2008, pursuant to clause 3 of the Securities Act (Canterbury Building Society) Exemption Notice 2007 (SR 2007/350).


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.

The Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007 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).

Notice

1 Title
  • This notice is the Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007.

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

3 Principal notice amended
  • This notice amends the Securities Act (Canterbury Building Society) Exemption Notice 2007.

4 Expiry
  • Clause 3 is amended by omitting 31 December 2007 and substituting 29 February 2008.

Dated at Wellington this 27th day of November 2007.

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

[Seal]

N O Todd,
Member.

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 (Canterbury Building Society) Exemption Notice 2007 (the principal notice) by changing the expiry date of that notice from 31 December 2007 to 29 February 2008.

The Securities Commission considers it appropriate to amend the principal notice because—

  • the principal notice granted certain exemptions to assist the merger of the Canterbury Building Society (CBS) and the Loan and Building Society. The merger has not yet occurred and CBS has informed the Securities Commission that it requires more time to allow it to complete interim financial statements that are prepared in accordance with the Financial Reporting Act 1993 as if they were required to be registered under that Act (as required by the conditions in the principal notice); and

  • this amendment changes the expiry date of the principal notice so that CBS can rely on the exemptions in the principal notice and complete the merger before 29 February 2008.


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

Date of notification in Gazette: 29 November 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 (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007. It incorporates all the amendments to the Securities Act (Canterbury Building Society) Exemption Amendment Notice (No 2) 2007 as at 1 March 2008. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 1 March 2008. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint
  • This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.

3 List of amendments incorporated in this eprint (most recent first)