Securities Commission

Securities Markets Act 1988

The Authorised Futures Dealers (Latitude FX Limited) Amendment Notice 2010

Pursuant to section 38 of the Securities Markets Act 1988, the Securities Commission gives the following notice.

Notice

Clause 1: Title, commencement, and principal notice

1(1) This notice is the Authorised Futures Dealers (Latitude FX Limited) Amendment Notice 2010.

1(2) This notice comes into force on the day after the date of its publication in the New Zealand Gazette.

1(3) This notice amends the Authorised Futures Dealers (Latitude FX Limited) Notice 2009 (“the principal notice*”).

Clause 2: Renewal of and amendment to the principal notice

2(1) Clause 1(3) of the Authorised Futures Dealers (Latitude FX Limited) Notice 2009 is amended by omitting “2010” and substituting “2012”.

2(2) Clause 2(1) of the Authorised Futures Dealers (Latitude FX Limited) Notice 2009 is amended by inserting in its appropriate alphabetical order the following definition:

“Approved counterparty” means a registered bank, an overseas bank, a company which is an authorised deposit-taking institution under the Banking Act 1959 (Commonwealth of Australia) or a company which is a futures commission merchant registered under the Commodity Exchange Act (United States of America).

2(3) Clause 3(3)(g)(ii) of the Authorised Futures Dealers (Latitude FX Limited) Notice 2009 is amended by omitting the words “another entity” and substituting the words “an approved counterparty”.

2(4) The Authorised Futures Dealers (Latitude FX Limited) Notice 2009 is amended by omitting clause 6(5) and substituting the following new clause:

“6(5) The Company must:

(a) calculate, in respect of each business day, by 10.00am on the following business day, its Surplus Liquid Funds in accordance with clause 5 to ensure that the Company complies with clause 5(2);

(b) report to both the Securities Commission and the Auditor on the business day following the day in respect of which the calculation is made if the calculation performed in clause 6(5)(a) does not comply with clause 5(2) including an explanation of the cause of the breach and the remedial action planned;

(c) maintain a log of the calculations required under this condition and produce it to the Auditor or the Securities Commission upon request; and

(d) provide a copy of the log of these daily calculations to the Auditor as part of the Company’s monthly report.”

Dated at Wellington this 15th day of February 2010.

The Common Seal of the Securities Commission was affixed in the presence of:

[L.S.]

JANE DIPLOCK, Chairman.

New Zealand Gazette, 19 February 2009, No. 20, page 480

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Tertiary Education Commission

Industry Training Act 1992

Recognition for InfraTrain New Zealand Limited

Pursuant to section 5 of the Industry Training Act 1992, full recognition is granted for InfraTrain New Zealand Limited to set standards at Levels 1 to 10 on the National Qualifications Framework for a further period of five years, with effect from 22 January 2010 to 22 January 2015, for the road construction and maintenance, civil engineering works, demolition, agricultural contracting and spraying, road marking and bitumen industries; and those enterprises whose core business is involved with property valuation, architecture, engineering, graphics, product development, management, manufacturing, surveying, planning and environmental services or associated activities in a design and construction related process.

Dated at Wellington this 22nd day of January 2010.

HON DR WAYNE MAPP, on behalf of:
HON ANNE TOLLEY, Minister for Tertiary Education.

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Land Notices

Conservation Act 1987

Disposal of Stewardship Area

Under the Conservation Act 1987, the Community Relations Manager of the West Coast Conservancy of the Department of Conservation gives notice of the disposal in fee simple of the land described in the Schedule for a consideration of $35,000.00.

Nelson Land District—Buller District

Schedule

Dated at Hokitika this 9th day of February 2010.

CHRIS HICKFORD.

(DOC HK PAL-03-02-11-31)

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