New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) This section amends the Securities Act 1978.
(2) Section 10(1)(b) is amended by inserting “financial advisers,”
after “securities,”
in the first place where it appears.
(3) Section 10(1)(c) is amended by inserting “and financial advisers”
after “securities”
.
(4) Section 10(1)(d) is amended by inserting “and the law and practice relating to financial advisers”
after “securities”
.
(5) Section 11(1) is amended by omitting “10”
and substituting “11”
.
(6) Section 11 is amended by inserting the following subsection after subsection (3B):
“(3C) One of the members must be appointed by the Governor-General as Commissioner for Financial Advisers under section 79(3) of the Financial Advisers Act 2008.”
(7) Schedule 1 is amended by omitting the item “Securities Markets Act 1988 Part 4”
and substituting the item “Financial Advisers Act 2008”
.