Proposed Recommendation for Regulations to Amend Securities Regulations 1983 Pursuant to section 70 (3) of the Securities Act 1978, the Securities Commission gives notice of its intention to recommend that regulations be made amending the Securities Regulations 1983. The proposed regulations will: (a) make the amendments to the Securities Regulations 1983, that are necessary to give effect to the Securities Amendment Act 1996 - including setting out the prescription for prospectuses for offers of interests in unit trusts, life insurance policies and superannuation schemes as well setting out the prescription for the new ``investment statement''; and (b) update the financial reporting terminology in the Securities Regulations 1983. A copy of the proposed recommendation may be inspected at the offices of the Commission (Twelfth Floor, Reserve Bank Building, 2 The Terrace, Wellington), during normal office hours. Dated at Wellington this 24th day of March 1997. l.s. The common seal of the Securities Commission was hereunto affixed in the presence of: E. H. ABERNETHY, Chairman.