The Authorised Futures Dealers Notice (No. 4) 1999 Pursuant to section 38 of 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 (No. 4) 1999. (2) This notice comes into force on the day after the date of its publication in the New Zealand Gazette. 2. Interpretation (1) In this notice, unless the context otherwise requires: ``Act'' means the Securities Amendment Act 1988; ``Company'' means Price & Co 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. Authorisation (1) The company is authorised to carry on the business of dealing in futures contracts generally. (2) The authorisation is subject to the conditions that: (a) The company does not hold client money or client property in connection with futures contract dealing; (b) The company does not enter into any futures contract as a principal on behalf of any client; (c) The company does not carry on the business of dealing in futures contracts on behalf of any person other than one who has: (i) entered into a contract for services with the company and then only in accordance with the terms of that contract; and (ii) entered into a client agreement with a broker or dealer who is authorised or licensed by the laws of the country in which it operates to deal in futures contracts on behalf of that person and to hold client money for that purpose; and (d) The company does not carry on the business of dealing in futures contracts on behalf of any person other than in relation to transactions effected through a broker or dealer referred to in paragraph (c) (ii); and that the authorisation applies in respect of futures contracts made on or effected through a futures exchange in a country other than New Zealand which is authorised by the laws of that country to operate as a futures exchange. (3) The authorisation expires on the close of 30 August 2004. Dated at Wellington this 30th day of August 1999. l.s. The common seal of the Securities Commission was affixed in the presence of: E. H. ABERNETHY, Chairman.