2244 NEW ZEALAND GAZETTE, No. 83 27 JUNE 2013

(d) the Company has made all payments it was obliged to make as they fell due;

(e) the Company can reasonably be expected to continue to pay its debts as they fall due for at least the quarter;

(f) there are no material matters which have, or are likely to, adversely affect the Company’s:

(i) financial position;

(ii) financial performance; or

(iii) cash flows; and

(g) the Company has complied with conditions 3(2)(n) and (o) of this notice regarding handling client money (including any client money which is applied as margin in respect of a client’s contract) and property, and recording client money and property, and client dealing.

(4) The Company must:

(a) calculate, in respect of each business day, by 10.00am (NZ time) 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 Financial Markets Authority and the compliance reporter on the business day following the day in respect of which the calculation is made if the calculation performed in clause 6(4)(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 Financial Markets Authority upon request; and

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

(5) If the directors are unable to certify that, after due inquiry, they are satisfied that each statement contained in 6(3) 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.

(6) The Company must prepare management accounts every two months.

(7) The Company must prepare prospective financial statements, which will be supplied to the compliance reporter 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) provide reasons when the forecast of cash flows shows a total net cash outflow in any month; and

(e) are 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 25th day of June 2013.

ELAINE CAMPBELL, Head of Compliance Monitoring, Financial Markets Authority.

au4012

Notice Under Section 70C of the Securities Act 1978

Pursuant to section 70B of the Securities Act 1978, the Financial Markets Authority on 21 June 2013 granted the exemptions contained in the Securities Act (AMP and NMLA Life Insurance Policies) Exemption Notice 2013.

Copies are available on the Financial Markets Authority’s website

www.fma.govt.nz

Copies are also available for purchase on request to the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland, or by post to PO Box 1179, Wellington 6140.

au3971

NZ Transport Agency

Land Transport Rule: Traffic Control Devices 2004

Land Transport Rule: Traffic Control Devices 2004 20km/h School Bus Signs Trial

Pursuant to subclause 3.4(1) of Land Transport Rule: Traffic Control Devices 2004 (“the Rule”) and a delegation from the NZ Transport Agency, I, Glenn Bunting, Network Manager, authorise the installation and maintenance of active 20km/h speed limit signs on school buses:

(a) for the purpose described in Schedule 1;

(b) in the form and layout, set out in Schedule 2;

(c) at the location stated in Schedule 3;

(d) for the period specified in Schedule 4; and

(e) subject to the conditions in Schedule 5.

The active 20km/h speed limit signs may be installed for the purpose of evaluating their use and the trial will be called the "20km/h school bus signs trial".

Schedule 1—Purpose of trial

The purpose of the trial is to:

(a) evaluate the effectiveness and safety of active 20km/h speed limit signs mounted on school buses in addition to standard school bus signs specified in the Rule;

(b) assess the effect on the speed of traffic passing a school bus which has stopped to pick up or set down;