New Zealand Legislation: Regulations

5 Persons who are not officers

• Regulation 4(1) is amended by revoking paragraphs (b) to (d) and substituting the following paragraph:

  • “(b) report directly to a person who reports directly to—

    • “(i) a board of directors; or

    • “(ii) the sole director of a public issuer if the public issuer has only 1 director.”