Corporations (NZ Closer Economic Relations) and Other Legislation Amendment Act 2007 (85 of 2007)

Schedule 1   Mutual recognition of securities offers

Corporations Act 2001

8   At the end of section 111AFA

Add:

(2) Interests in a class of interests in a managed investment scheme issued by a body are ED securities if interests in that class have been issued under a recognised offer and the offeror's records indicate that 100 or more people who reside in this jurisdiction have held interests in that class (whether or not as a result of the recognised offer) at all times since the issue.