The Authorised Futures Dealers Notice 1994 (No. 10) Pursuant to the Securities Amendment Act 1988, the Securities Commission gives the following notice. N o t i c e I. Title and commencement (1) This notice may be cited as The Authorised Futures Dealers Notice 1994 (No. 10). (2) This notice shall come into force on the day after the date of its publication in the New Zealand Gazette. II. Interpretation (1) In this notice, unless the context otherwise requires: ``the Act'' means the Securities Amendment Act 1988; ``the company'' means Harlow Butler (NZ) Limited. (2) Any term or expression that is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act. III. The company authorised to carry on business of dealing in futures contracts (1) The company is authorised to carry on the business of dealing in futures contracts of a specified class, namely, electricity supply hedge contracts. (2) The authorisation referred to in subclause (1) of this clause is subject to the conditions that: (a) the company deals in futures contracts on behalf of no person other than: (i) the Electricity Corporation of New Zealand Limited and any subsidiary of that company, or (ii) an independent power producer, or (iii) an energy company as defined in section 2 (1) of the Energy Companies Act 1992, or (iv) a public body as defined in section 2 (1) of the Public Bodies Contracts Act 1959, or (v) a crown health enterprise within the meaning of the Health and Disabilities Services Act 1993, or (vi) a member of the major electricity users group; and (b) the company maintains net shareholders' funds of not less than $200,000; and (c) the company does not accept or hold client money or client property; and (d) the company does not hold or have any interest in an electricity supply hedge contract as a principal; and (e) the company ensures that within 3 months after each balance date it completes audited financial statements in respect of that balance date; and (f) the company makes available: (i) to the Commission when completed, and (ii) to clients on request, a copy of its audited financial statements; and (g) the company has undertaken to the Securities Commission that prior to 31 March in each year of the authorisation it will provide to the Securities Commission a written report on all material aspects of the business undertaken by it pursuant to this authorisation. (3) The authorisation granted by subclause (1) of this clause shall continue in force until it is revoked by the Commission. (4) The Authorised Futures Dealers Notice 1993 (No. 3) dated 26 April 1993 is revoked. Dated at Wellington this 9th day of August 1994. l.s. The common seal of the Securities Commission was hereunto affixed in the presence of: P. D. McKENZIE, Chairman.