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.