Futures Contracts (Options for Quoted Securities) Notice 1992

  • revoked
  • Futures Contracts (Options for Quoted Securities) Notice 1992: revoked, on 6 November 2008, by clause 3 of the Regulations Revocation Order 2008 (SR 2008/367).

Reprint
as at 6 November 2008

Futures Contracts (Options for Quoted Securities) Notice 1992

(SR 1992/392)

  • Futures Contracts (Options for Quoted Securities) Notice 1992: revoked, on 6 November 2008, by clause 3 of the Regulations Revocation Order 2008 (SR 2008/367).


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.

A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.

This notice is administered in the Securities Commission.


PURSUANT to section 37(7) of the Securities Amendment Act 1988, the Securities Commission gives the following notice.

1 Title and commencement
  • (1) This notice may be cited as the Futures Contracts (Options for Quoted Securities) Notice 1992.

    (2) This notice shall come into force on the day after the date of its notification in the Gazette.

2 Interpretation
  • (1) In this notice, unless the context otherwise requires,—

    The Exchange means Aklaw Number Thirty Nine Limited

    Quoted securities means securities the issuer of which is listed on the Official Lists of the New Zealand Stock Exchange and in respect of which there is a right of quotation.

    (2) Any term or expression that is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act.

3 Application of Part 3 of Securities Amendment Act 1988 to certain options for quoted securities
  • Any option to acquire or dispose of quoted securities which is offered in accordance with the rules of the Exchange is hereby declared to be an option to which Part 3 of the Act applies.


Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

This notice declares options to acquire or dispose of quoted securities (as that term is defined) that are offered in accordance with the rules of Aklaw Number Thirty Nine Limited for the conduct of a futures exchange by that company to be options to which Part 3 of the Securities Amendment Act 1988 applies.

The term futures contract is defined by section 37(1) of the Securities Amendment Act 1988 to include an option declared by the Securities Commission to be an option to which Part 3 of the Act applies.

Under section 38 of that Act no person may deal in futures contracts unless that person is a member of an authorised futures exchange or is authorised by the Commission to carry on the business of dealing in futures contracts.

It is intended that Aklaw Number Thirty Nine Limited will acquire the business of New Zealand Futures & Options Exchange Limited which will then cease to conduct a market or exchange for trading in futures contracts.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 23 December 1992.


Contents

  • 1General

  • 2About this eprint

  • 3List of amendments incorporated in this eprint (most recent first)


Notes
1 General
  • This is an eprint of the Futures Contracts (Options for Quoted Securities) Notice 1992. It incorporates all the amendments to the notice as at 6 November 2008. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint
  • This eprint has not been officialised. For more information about officialisation, please see Making online legislation official under Status of legislation on this site in the About section of this website.

3 List of amendments incorporated in this eprint (most recent first)
  • Regulations Revocation Order 2008 (SR 2008/367): clause 3