✨ Regulatory and Transport Notices
NEW ZEALAND GAZETTE, No. 131
1 NOVEMBER 2012
(5) The Company must:
(a) calculate, in respect of each business day, by 4.00pm on the following business day, its surplus liquid funds in accordance with clause 6 to ensure that the Company complies with clause 6(2);
(b) report to both FMA and the auditor on the business day following the day in respect of which the calculation is made if the calculation performed in clause 7(5)(a) does not comply with clause 6(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 FMA 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.
(6) If the directors are unable to certify that, after due inquiry, they are satisfied that each statement contained in 7(4) is true, the directors of the Company must prepare a memorandum to explain the circumstances which prevent the directors providing that certification, and that memorandum should contain or attach all information and documents which are necessary to fully explain those circumstances.
(7) The Company must prepare management accounts every two months.
(8) The Company must prepare prospective financial statements, which will be supplied to the auditor on a semi-annual basis, that:
(a) contain a forecast of cash flows over at least the next six months based on the reasonable expectations of the board of the Company as to what is likely to happen over this period;
(b) contain forecast statements of financial position as at the end of each of the next six months based on the reasonable expectations of the board of the Company as to what is likely to happen over this period;
(c) document the Company’s calculations and assumptions, and explain why the assumptions are appropriate;
(d) provides reasons when the forecast of cash flows shows a total net cash outflow in any month; and
(e) is signed by all directors of the Company, certifying that the forecasts are not known by the directors to be false and misleading.
Dated at Wellington this 26th day of October 2012.
ELAINE CAMPBELL, Head of Compliance Monitoring, Financial Markets Authority.
au7027
NZ Transport Agency
Land Transport Act 1998
Notification of Exemptions From Land Transport Rules
Pursuant to section 166(3) of the Land Transport Act 1998, I, Angela Duncan, Managing Counsel (Rules), NZ Transport Agency, notify that the following exemptions from Land Transport Rules were made under section 166(1) of that Act between 1 July 2012 and 30 September 2012:
| Rule | Nature of Exemption | Number of Exemptions |
|---|---|---|
| Land Transport (Driver Licensing) Rule 1999, Rule 91001 | ||
| Clause 10 (evidence of identity) | 256 | |
| Clause 14 | 2 | |
| Clause 15(b) | 12 | |
| Clause 17(b)(a) (driving experience) | 36 | |
| Clause 17(b)(a) (age exemption) | 764 | |
| Clause 18 (restricted licence conditions) | 51 | |
| Clause 19(b)(a) & (b) (driving experience) | 30 | |
| Clause 19(b)(a)(i) & (ii) (age exemption) | 1127 | |
| Clause 23(1)(b) | 1 | |
| Clause 27(1)(b) | 84 | |
| Clause 38(2) | 41 | |
| Clause 89(2)(d) | 45 | |
| Land Transport Rule: Door Retention Systems 2001, Rule 32001/1 | ||
| Clause 2.3(1) | 6 | |
| Land Transport Rule: External Projections 2001, Rule 32008 | ||
| Clause 2.3(1) | 1 | |
| Clause 2.3(4) | 1 | |
| Land Transport Rule: Frontal Impact 2001, Rule 32006 | ||
| Clause 2.1(5) | 1 |
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NZ Gazette 2012, No 131
✨ LLM interpretation of page content
🏭
Authorised Futures Dealers (MCI Markets Limited) Notice 2012
(continued from previous page)
🏭 Trade, Customs & Industry26 October 2012
Securities Markets Act, Authorised Futures Dealers, MCI Markets Limited, Regulatory Compliance, Client Money, Disclosure Documents
- ELAINE CAMPBELL, Head of Compliance Monitoring, Financial Markets Authority
🚂 Notification of Exemptions From Land Transport Rules
🚂 Transport & CommunicationsLand Transport Act 1998, Exemptions, Driver Licensing, Vehicle Standards
- Angela Duncan, Managing Counsel (Rules), NZ Transport Agency