Pursuant to section 38 of the Securities Markets 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. 2) 2004.
(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 Markets Act 1988.
"AFS Licence" means an Australian Financial Services Licence issued under the Australian Corporations Act 2001.
"exchange" means the Sydney Futures Exchange Limited.
"SFE Participant" means a participant of the exchange as set out in the SFE Rules.
"SFE Rules" means the operating rules of the Sydney Futures Exchange Limited that are published by the exchange.
(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) Every SFE Participant is authorised to carry on the business of dealing in futures contracts generally.
(2) This authorisation is subject to the conditions that:
(a) The SFE Participant is bound by the SFE Rules;
(b) the SFE Participant has a current AFS Licence; and
(c) the SFE Participant sends, or causes to be sent, a copy of its annual audited financial statements to the commission within three months of its balance date.
(3) This authorisation applies in respect of futures contracts made on or effected through the exchange.
(4) This authorisation continues in force until it is revoked by the commission.
Dated at Wellington this 28th day of April 2004.
The Common Seal of the Securities Commission was affixed in the presence of:
[L.S.]
JANE DIPLOCK, Chairperson.