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Financial Markets Conduct Act 2013

Dealing in financial products on markets - Disclosure of interests of substantial product holders in listed issuers - Substantial holding disclosure obligations

283: How to ascertain total financial products in class for purposes of disclosure

You could also call this:

"How to find the total number of financial products in a group for disclosure purposes"

Illustration for Financial Markets Conduct Act 2013

When you need to find out the total number of financial products in a class for disclosure purposes, you can assume the most recently published number is correct. You can find this number in a document sent to the holders of that class of products by the listed issuer, or on an Internet site maintained by the relevant licensed market operator.

If you know the published number is not correct, you cannot assume it is correct.

You can compare this to the Securities Amendment Act 1988 to see how the rules have changed.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091410.

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282: Listed issuer must give acknowledgement of disclosure, or

"Companies must say they got the information you gave them."

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284: Exemption for persons with interest in other substantial product holders who comply, or

"No rules for you if someone else already follows them for the same company."

Part 5Dealing in financial products on markets
Disclosure of interests of substantial product holders in listed issuers: Substantial holding disclosure obligations

283How to ascertain total financial products in class for purposes of disclosure

  1. For the purposes of this subpart, a person may assume that the total number of financial products of a listed issuer in a class most recently published by the following methods is correct:

  2. in a document published by a listed issuer and distributed to the holders of that class of products; or
    1. on an Internet site maintained by the relevant licensed market operator.

      1. Subsection (1) does not apply if that person knows that number is not correct.

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