Securities Act (New Zealand Deposit Guarantee Scheme) Exemption Notice 2008 (SR 2008/388) (as at 28 November 2008)

Regulation by clause

4 Interpretation
  • (1) In this notice, unless the context otherwise requires,—

    Act means the Securities Act 1978

    bank means a registered bank within the meaning of section 2(1) of the Reserve Bank of New Zealand Act 1989

    Crown guarantee means a guarantee given under the deposit guarantee scheme

    deposit guarantee scheme means the New Zealand deposit guarantee scheme announced by or on behalf of the Crown on or about 12 October 2008 relating to guarantees to be given by the Minister of Finance on behalf of the Crown in respect of certain financial institutions under section 65ZD of the Public Finance Act 1989

    Regulations means the Securities Regulations 1983

    specified financial institution means a person that is a party to a deed of guarantee entered into under the deposit guarantee scheme under which certain obligations of that person are guaranteed by the Crown

    specified security means a security in respect of which the Crown has given a guarantee under the deposit guarantee scheme.

    (2) Any term or expression that is defined in the Act or the Regulations and used, but not defined, in this notice has the same meaning as in the Act or the Regulations.