8 AUGUST THE NEW ZEALAND GAZETTE 2559

14.20 The voting papers shall be deemed to have been received
by members on the day after the date of sending and shall
specify a period within which the duly completed papers
are to be returned to the Secretary.

14.21 Such period shall be not less than the period of notice
required under these bylaws to be given to members of
the intention to propose a resolution at a General Meeting.

14.22 Each member who returns a duly completed voting paper
to the Secretary within the period so specified shall be
deemed for the purposes of these bylaws, to have been
present and to have voted at a duly convened general
meeting and the provisions and restrictions as to voting
set out in these bylaws shall apply to every postal ballot
accordingly.

14.23 No voting paper shall be valid unless it or the envelope
containing it is signed by the member completing it.

14.24 In any postal ballot 2 ordinary members shall be appointed
by the Chairman to act as scrutineers and their decision
on the validity of any vote shall be final.

14.25 Where insufficient completed voting papers are returned
to constitute a quorum under these bylaws, or where at
least 5 members require in writing within the period
specified in bylaw 14.06 above that a meeting of members
be held, then the Secretary shall on the requisite notice
call a meeting to decide any matter left unresolved.

15.0 Official Trading Meetings

15.01 The official trading meetings of the exchange shall be the
meetings of members or their representatives, held at such
time and place as the members shall appoint, at which
time the business shall be to make prices, effect sales,
receive and record quotations and sales and to carry on
such other business as may be in accordance with these
bylaws.

15.02 The quorum for an official trading meeting hereinafter
referred to as a “call” shall be one representative or
operator from each of 4-member firms. Such an operator
may be either a member or his authorised clerk.

15.03 Each call shall be opened by a Room Supervisor who
shall be appointed in a manner to be determined by the
Committee.

15.04 The decision of the Room Supervisor on all questions of
fact shall be final. The duty of Room Supervisor may be
handed over to a Committee member or to the Secretary
during the call.

15.05 If any sale is challenged the Room Supervisor shall as
soon as is practicable endeavour to satisfy himself as to
the bona fides of the quotation by such method as he
shall deem appropriate. In event of an examination of a
member’s books, papers or office records being thought
necessary, the Chairman or his nominee shall carry out
such examination which shall be confined only to those
books, papers or records relevant to the disputed sale.
The result of this investigation shall be reported to the
Chairman who shall decide the appropriate manner for
its promulgation.

15.06 Any member who refuses an inspection of his books,
papers or records under section 15.0 of these bylaws shall
be deemed to have committed an offence and the
Chairman may treat such refusal as evidence of the
member being guilty of making a false quotation and
engaging in conduct unworthy of a member.

15.07 Any member dissatisfied with a decision of the Room
Supervisor may appeal to the Committee in writing by
the close of the next business day following the date on
which such decision is communicated to the member.

15.08 Operators have a duty to ensure the conduct of an orderly
market. They must instruct the post clerk to record their bids or offers and to remove
bids or offers when they no longer wish to deal. These
instructions must be announced to the room as well as
to the post clerk, and the operator must ensure that the
quotation is altered.

15.09 Quotations to buy or sell shall be deemed to be for
marketable parcels as defined by the regulations of The
New Zealand Stock Exchange.

15.10 Where an operator wishes to buy or sell a parcel of shares
with special conditions attached he may do so by
preceding his bid or offer with details of these conditions.

15.11 Sales made between the end of afternoon call and
4.50 p.m. should be reported to the exchange by 4.50 p.m.
and sales slips lodged by 10 a.m. the following morning.
Sales made before 10 a.m. must be reported to the
exchange before the start of morning call so that they can
be recorded on the boards before the post opens. Slips
for these sales must be deposited by 10 a.m.

15.12 No persons other than members of the exchange,

15.13 authorised clerks or exchange staff shall be admitted to
the trading floor during a call unless the consent of the
Room Supervisor is obtained in advance.

15.14 Where any operator or other representative of a firm
present in the trading room is guilty of misconduct or
any breach of these trading room bylaws, the Room
Supervisor may recommend to the Chairman that the firm
concerned be fined an amount up to $100.

16.0 Alteration of Bylaws

16.01 Subject to Rule 9.041 the members in general meeting
shall have the power to add to, alter, amend or repeal all
or any of these bylaws by way of special resolution.

Dated at Wellington this 18th day of July 1983.

R. B. W. GILL, Executive Director.
New Zealand Stock Exchange.

Bylaws of the Dunedin Regional Stock Exchange

Pursuant to section 8 of the Sharebrokers Amendment Act 1981,
the New Zealand Stock Exchange has approved the following bylaws
made by the members entitled to transact business on the Dunedin
Regional Stock Exchange.

Index

1.0 Interpretation
2.0 Constitution
3.0 Objects
4.0 Management
5.0 Secretary
6.0 Chairman
7.0 Funds
8.0 Membership—General
9.0 Membership—Ordinary
10.0 Membership—Country
11.0 Rights of Members
12.0 Authorised Clerks
13.0 Subscriptions and Levies
14.0 General Meetings
15.0 Official Trading Meetings
16.0 Alterations to Bylaws

1.0 Interpretation

1.01 In these bylaws any marginal notes shall not affect the
construction hereof. Reference to any named office shall
also be deemed a reference to any person for the time
being carrying out the duties of such office.

1.02 “Committee” means the Committee of the Dunedin
Regional Stock Exchange except where in these bylaws a
contrary intention appears.

1.03 “Exchange” means The New Zealand Stock Exchange.

1.04 “Exchange” or “regional exchange” means the Dunedin
Regional Stock Exchange.

1.05 “Member” means a member of the Dunedin Regional
Stock Exchange and includes a country member except
where in these bylaws a contrary intention appears.

1.06 “Month” means a calendar month, and “year” means a
calendar year except where in these bylaws a contrary
intention appears.

1.07 “Secretary” means the secretary of the Dunedin Regional
Stock Exchange.

1.08 “Share” or “shares” shall include stock and vice versa.

1.09 “Written” or “in writing” includes printing lithography
typewriting and other methods of representing or
reproducing words in a visible form.

1.10 Words importing the singular include the plural also and
vice versa.

1.11 Words importing persons include firms and corporations.

1.12 Words importing the masculine gender shall include the
feminine.

1.13 These bylaws shall be read in conjunction with and subject
in all respects to the rules and regulations of The New
Zealand Stock Exchange for the time being in force.

1.14 All rules and regulations of The New Zealand Stock
Exchange for the time being in force shall be deemed to
be rules and regulations of this regional exchange and
where the bylaws of this regional exchange are silent on
any matter or in conflict with such rules and regulations,
then the rules and regulations shall prevail.