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. 3) 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.
"NZX" means New Zealand Exchange Limited.
"NZX Futures and Options Rules" means the rules made by NZX from time to time, for the regulation of NZX Participants, that have been approved by the commission and are published on NZX's web site.
"NZX Participant" means a Futures and Options Firm, a Futures and Options IB or a Futures and Options Advisor designated by NZX as such under the NZX Futures and Options Rules.
(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 NZX 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 NZX Participant is bound by all applicable NZX Futures and Options rules in respect of the dealing; and
(b) the NZX 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 to any dealing in futures contracts that is subject to NZX regulation and oversight under the NZX Futures and Options Rules.
(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.