New Zealand Legislation: Regulations

4 Condition of exemption for specified securities that they are offered in overseas jurisdiction

• (1) The heading to clause 9 is amended by omitting “exemption” and substituting “exemptions”.

  (2) Clause 9 is amended by revoking subclause (1) and substituting the following subclause:

  • “(1) The exemptions in clause 5 are subject to the further condition that, at the time of the offer, specified securities are also offered, or have previously been offered, under the employee share purchase scheme, or a parallel scheme, in the jurisdiction in which the exempt overseas issuer is incorporated or listed.”