Notice Type
Authorities/Other Agencies of State
The Authorised Futures Dealers Notice 1995 (No. 8) Pursuant to the Securities Amendment Act 1988, the Securities Commission gives the following notice: N o t i c e 1. Title and commencement (1) This notice may be cited as the Authorised Futures Dealers Notice 1995 (No. 8). (2) This notice shall come into force on the day of its publication in the New Zealand Gazette. 2. Interpretation (1) In this notice, unless the context otherwise requires ``the Act'' means the Securities Amendment Act 1988; ``the company'' means ANZ McCaughan Securities (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. 3. ANZ McCaughan Securities (NZ) Limited authorised to carry on the 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, margin foreign exchange trading contracts, made on or effected through: (a) an authorised futures exchange; or (b) a futures exchange in a country other than than New Zealand which is authorised by the laws of that country to operate as a futures exchange. (3) The authorisation granted by subclause (1) of this clause is subject to the conditions that: (a) the company deals in margin foreign exchange contracts on behalf of no person other than ANZ McCaughan Futures Limited; (b) the company does not hold or have any interest in any margin foreign exchange trading contract as a principal; (c) the company does not accept or hold client money or client property in connection with margin foreign exchange trading contracts; (d) the company maintains net shareholders' funds of not less than $3,000,000; (e) the company has completed financial statements within 3 months of each balance date; (f) the company makes available: (i) to the Commission, when completed; and (ii) to clients on request, a copy of its most recent audited financial statements; and (g) the company remains a member of the New Zealand Stock Exchange. (3) The authorisation granted by subclause (1) of this clause shall continue in force until it is revoked by the Commission. The common seal of the Securities Commission was hereunto affixed this 5th day of December 1995 before me: l.s. E. H. ABERNETHY, Chairman.
Publication Date
7 Dec 1995

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