New Zealand Legislation: Regulations

13 Consequential amendment to Securities Act (Banks) Exemption Notice 2002

• (1) This clause amends the Securities Act (Banks) Exemption Notice 2002.

  (2) Clause 10 is amended by inserting the following subclause after subclause (2):

  • “(2A) Despite subclauses (1) and (2), if the advertisement refers to the Crown guarantee (within the meaning of the Securities Act (New Zealand Deposit Guarantee Scheme) Exemption Notice 2008) and the certificate that relates to the advertisement complies with the condition in clause 7(5) of that notice, the certificate does not need to be in the form set out in Schedule 4 of the Regulations to the extent that the form requires certification that the advertisement does not contain any matter that is inconsistent with the disclosure statement referred to in the advertisement.”