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New Zealand Legislation: Bills

Bills are proposed Acts

Hon Simon Power

Securities Markets Amendment Bill

Government Bill

252—3B

As reported from the committee of the whole House

Contents

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12 Principal Act amended

13 Interpretation

14 Part 2B heading substituted

15 Power to exempt securities markets from this Part

16 New section 36F substituted

36F Registration of exchanges

17 Registered exchange must operate securities markets with conduct rules that include required matters and have effect

18 Required matters for conduct rules

18A Registered exchange must provide proposed new conduct rules and changes to Minister

19 Determination on whether or not to apply approval process to proposed conduct rules and changes

20 Registered exchange must not operate new securities market if proposed conduct rules or changes not approved

21 Conduct rules must be available for inspection

22 Registered exchange must give Commission material information given to market participants

23 Commission may give directions to registered exchanges

24 Grounds for other directions

25 Notice, opportunity for exchange to act, and submissions before Commission gives directions

26 Notice and opportunity to be heard and represented after Commission gives direction

27 Interpretation of terms used in this Part

28 Dealers in futures contracts to be authorised

29 Penalties for failing to comply with Part 2B

30 Further amendments to principal Act

31 Amendments to other enactments

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Schedule 1
Further amendments to principal Act

Schedule 2
Amendments to other enactments

Legislative history

The Parliament of New Zealand enacts as follows: