If you are involved in a takeover offer for financial products under the Takeovers Code, then Section 262 does not apply to you. This is because the Takeovers Code or the Takeovers Act 1993 already regulates your conduct. You are exempt from Section 262 if your actions are controlled by these laws.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091371.
262: False or misleading statement or information, or
"Don't share false information about financial products that could trick people into buying or selling them."
264: Criminal liability for false or misleading statement or information, or
"Telling lies about money products is a crime and can lead to big fines or prison."
Section 262 does not apply to conduct in relation to a takeover offer for financial products under the Takeovers Code or to conduct under that offer to the extent that the conduct is regulated by the Takeovers Code or the Takeovers Act 1993.
