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 2002.
(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.
"Exchange" means the New Zealand Futures and Options Exchange Limited.
"The company" means KVB Kunlun New Zealand Limited.
(2) Any term or expression that is defined in the Act and used, but not defined, in this notice has the same meaning as in 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 is a public broker within the meaning of the rules of the Exchange; and
(b) the company is bound by the rules of the Exchange; and
(c) the authorisation applies in respect of futures contracts made on or effected through the Exchange or 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) This authorisation continues in force until it is revoked by the Commission.
Dated at Wellington this 18th day of March 2002.
The Common Seal of the Securities Commission was affixed in the presence of:
J. DIPLOCK, Chairperson.