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Notice Type
Authorities/Other Agencies of State
Notice of Approval of State Street New Zealand Limited to Act as a Trustee Pursuant to the Securities Act 1978, the Securities Commission hereby approves State Street New Zealand Limited, to act as a trustee, for the purposes of the Securities Act 1978, in respect of the offer of all debt securities to the public for subscription, on and subject to, the following terms and conditions: (a) That neither State Street New Zealand Limited, nor any member, director, officer or employee of it is at any time a member of any issuer in respect of which the company is appointed as a trustee; (b) That no person who is a member of State Street New Zealand Limited at any time holds any office or appointment (including appointment as auditor) in any issuer in respect of which the company is appointed as a trustee; (c) That neither State Street New Zealand Limited nor any member, director, officer or employee of it at any time controls or has the right to control, directly or indirectly, the management of any issuer in respect of which the company is appointed as a trustee otherwise than in connection with the performance of its functions and powers; (d) That neither State Street New Zealand Limited nor any member, director, officer or employee holds any debt securities of any issuer in respect of which the company is appointed as a trustee; (e) That no relationship exists at anytime between State Street New Zealand Limited or any member, director, officer or employee of it and any issuer of securities in respect of which the company is appointed as a trustee that affects or is likely to affect the ability of the company to perform its functions and powers as trustee; (f) That while State Street New Zealand Limited holds office as trustee, satisfactory professional indemnity insurance is maintained in respect of the exercise of its functions and powers as trustee. Dated at Wellington this 12th day of October 1993. l.s. The common seal of the Securities Commission was hereunto affixed in the presence of: P. D. McKENZIE, Chairman.
Publication Date
21 Oct 1993

Notice Number

1993-au8807

Page Number

3102