New Zealand Gazette – 1996 – No. 134

Page 3259

✨ Securities Regulation

SUPPLEMENT to

New Zealand Gazette

OF THURSDAY, 26 SEPTEMBER 1996

WELLINGTON: MONDAY, 30 SEPTEMBER 1996 — ISSUE NO. 134

Securities Commission

Securities Amendment Act 1988

The Authorised Futures Dealers Notice 1996

(No. 6)

Pursuant to the Securities Amendment Act 1988, the Securities Commission gives the following notice:

Notice

Title and commencement—(1) This notice may be cited as the Authorised Futures Dealers Notice 1996 (No. 6).

(2) This notice shall come into force on the day after the date of its publication in the New Zealand Gazette.

Interpretation—(1) In this notice, unless the context otherwise requires:

“the Act” means the Securities Amendment Act 1988:

“electricity price futures contract” has the same meaning as defined in clause 2 of the Authorised Futures Dealers Notice 1996 (No. 5):

“New Zealand Electricity Market” means the wholesale market for the physical supply of electricity and trading in electricity price futures contracts operated by Electricity Market Company Limited:

(2) Any term or expression which is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act.

EMCO Clearing House Limited and New Zealand Electricity Exchange Limited authorised to carry on the business of dealing in futures contracts—(1) EMCO Clearing House Limited and New Zealand Electricity Exchange Limited are hereby authorised to carry on the business of dealing in futures contracts of a specified class, namely, electricity price futures contracts.

(2) The authorisation of EMCO Clearing House Limited referred to in subclause (1) of this clause is subject to the condition that EMCO Clearing House Limited shall not carry on the business of dealing in futures contracts other than in the course of performing its role under the rules of the New Zealand Electricity Market as clearing manager in relation to futures contracts based on day ahead commitment bids and offers.

(3) The authorisation of New Zealand Electricity Exchange Limited referred to in subclause (1) of this clause is subject to the condition that New Zealand Electricity Exchange Limited shall not carry on the business of dealing in futures contracts other than in the course of performing its role under the rules of the New Zealand Electricity Market as pricing manager in relation to futures contracts based on day ahead commitment bids and offers.

(4) The authorisation granted by subclause (1) of this clause shall continue in force until it is revoked by the Commission.

Dated at Wellington this 27th day of September 1996.

[L.S.]

The common seal of the Securities Commission was hereunto affixed before me:

M. R. H. WEBB, Member.

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Department of Internal Affairs

DEPARTMENT OF INTERNAL AFFAIRS
TE TARI TAWHENUA

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS:
GP PRINT LIMITED, WELLINGTON, NEW ZEALAND—1996

ISSN 0111-5650

Price $1.60 (inc. G.S.T.)
74898—96A

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VUW Te Waharoa — NZ Gazette 1996, No 134

NZLII — NZ Gazette 1996, No 134

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Authorised Futures Dealers Notice 1996 (No. 6)

Domain🏭 Trade, Customs & Industry
Dated27 September 1996
KeywordsSecurities, Futures Dealers, Electricity Market, Authorisation
👩‍💼 Officials

M. R. H. Webb, Member of the Securities Commission

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