Dated at Auckland this 25th day of July 2011.
The Common Seal of the Takeovers Panel was affixed in the presence of:
D O Jones,
Statement of reasons
This notice, which comes into force on 29 July 2011, amends the Takeovers Code (Class Exemptions) Notice (No 2) 2001 to reflect the coming into force of section 165 of the Financial Advisers Act 2008.
The amendments replace references to sharebrokers with references to brokers (as defined under section 77A of the Financial Advisers Act 2008).
The Takeovers Panel considers that the amendments to the principal notice are appropriate and consistent with the objectives of the Takeovers Code because the amendments are consistent with the policy of that notice and are simply consequential amendments to deal with the repeal and replacement of the Sharebrokers Act 1908 by the Financial Advisers Act 2008.