New Zealand Legislation: Regulations

11 Disclosure notice must be signed

• Regulation 14 is amended by adding the following subclauses as subclauses (2) to (5):

  • “(2) However, a director or officer may authorise (by whatever means he or she wishes) another person (whether by name or by title) to sign the disclosure notice on his or her behalf.

  • “(3) A disclosure notice that is signed on behalf of a director or officer—

    • “(a) is treated (subject to evidence to the contrary) as having been signed by a person authorised by the director or officer; and

    • “(b) must be treated in all respects as if it had been signed by the director or officer.

  • “(4) It is not an excuse for non-disclosure that the director or officer authorised another person to sign the disclosure notice on his or her behalf but the authorised person failed to sign it as authorised.

  • “(5) To avoid doubt, nothing prevents a public issuer or a registered exchange from consenting to accept a disclosure notice that is signed by way of an electronic signature.”