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  1. 18 October 2021

    Financial Markets Conduct (Christchurch City Holdings Limited Sustainable Bond Offer) Exemption Notice 2021

    The Financial Markets Conduct (Christchurch City Holdings Limited Sustainable Bond Offer) Exemption Notice 2021 [hyperlink to the notice] exempts Christchurch City Holdings Limited (CCHL), subject to conditions, from the disclosure, governance, and financial reporting requirements in Parts 3, 4 and 7 of the Financial Markets Conduct Act 2013 (the Act) in relation to offers of ‘sustainable’, ‘sustainability’, ‘green’ ‘social’, or similar bonds (Sustainable Bonds) issued under CCHL’s sustainability framework.
    The effect of the exemptions is that CCHL will be able to offer the Sustainable Bonds on a similar basis to an offer made in reliance on clause 19 of Schedule 1 of the Act (the same class offer exclusion).
    Tags
    Exemptions, Secondary legislation, Business
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