Corporations (NZ Closer Economic Relations) and Other Legislation Amendment Act 2007 (85 of 2007)
Schedule 1 Mutual recognition of securities offers
Corporations Act 2001
6 At the end of section 111AF
Add:
(2) Securities (except debentures and managed investment products) in a class of securities of a body are ED securities if securities 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 securities in that class (whether or not as a result of the recognised offer) at all times since the issue.
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