For the purposes of the following description of the FASTER system,—
buyer includes a transferee who acquires securities without consideration
Exchange means the vesting entity (within the meaning of section 4 of the New Zealand Stock Exchange Restructuring Act 2001)
FASTER transfer account means an account in the name of a participant or its nominee that records securities of public issuers that are held for transfer through the FASTER system and are either—
FIN means the FASTER Identification Number issued to a holder of securities by the public issuer of the securities
participant means a person or body (whether corporate or unincorporate) authorised by the Exchange to effect the electronic transfer of securities through the FASTER system
public issuer means a person or body (whether corporate or unincorporate) that is a party with the Exchange to—
public issuer’s register means a register of a class of securities maintained by a public issuer
securities means financial products to which subpart 9 of Part 5 of the Financial Markets Conduct Act 2013 applies that are—
securities holder’s statement means a statement issued to a holder of securities by a public issuer that includes the following details:
securities transfer services agreement means an agreement between the Exchange and a public issuer under which the public issuer agrees to the use of the FASTER system to transfer the public issuer’s securities or a class of them
seller includes a transferor disposing of securities without consideration
sharebroker authorised by the Exchange means a sharebroker authorised to undertake activities on the Exchange acting in the ordinary course of business as such; and includes an officer, employee, or agent of the sharebroker.
Schedule clause 1 Exchange: amended, on 31 December 2002, by section 18(3) of the New Zealand Stock Exchange Restructuring Act 2002 (2002 No 1 (P)).
Schedule clause 1 member of the Exchange: revoked, on 31 December 2002, by section 18(3) of the New Zealand Stock Exchange Restructuring Act 2002 (2002 No 1 (P)).
Schedule clause 1 securities: amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
Schedule clause 1 sharebroker authorised by the Exchange: added, on 31 December 2002, by section 18(3) of the New Zealand Stock Exchange Restructuring Act 2002 (2002 No 1 (P)).