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Equity security
Practical Law ANZ Glossary w-018-6679 (Approx. 2 pages)
Glossary
Equity security
For the purposes of the Financial Markets Conduct Act 2013 (FMCA 2013), equity security means:
- A share in a company, industrial and provident society or building society.
- A security declared to be an equity security by the Financial Markets Authority (FMA) under Subpart 3, Part 9 of the FMCA 2013.
- A right attaching to, or a legal or equitable interest in, an equity security.
- An option to acquire, by way of issue, an equity security.
An equity security does not include:
- A security that is declared to be a different kind of financial product or not a financial product by the FMA under Subpart 3, Part 9 of the FMCA 2013.
For the purposes of the NZX Listing Rules, equity security has the meaning given in section 8(2) and (5) of the FMCA 2013 and also includes any right to acquire an equity security but is specifically subject to New Zealand's Exchange's (NZX) sole discretion to declare a financial product to be, or not to be, an equity security.