Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice (No 2) 2008

2008/306

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Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice (No 2) 2008

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 (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice (No 2) 2008.

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

4 Specified overseas issuers
  • The item relating to PA Holdings Limited in Schedule 1 is omitted.

Dated at Wellington this 9th day of September 2008.

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

[Seal]

C A N Beyer,
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 (Overseas Employee Share Purchase Schemes) Exemption Notice 2002 to remove the name of PA Holdings Limited as a specified overseas issuer for purposes of that notice. The Securities Commission considers that the amendment is appropriate because it is consequential on the grant of a separate exemption by the Securities Act (PA Consulting Group Limited) Exemption Notice 2008.


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

Date of notification in Gazette: 11 September 2008.

This notice is administered by the Securities Commission.