Dated at Wellington this 1st day of July 2003.
The Common Seal of the Securities Commission was affixed in the presence of:
F R S Clouston,
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 by Macquarie Structured Products (International) Limited (MSPIL) to be options to which Part 3 of the Securities Markets Act 1988 applies. The options must be offered in accordance with the Authorised Futures Dealers Notice (No 2) 2003, a Gazette notice that authorises MSPIL to deal in futures contracts to which Macquarie Bank Limited is a party, provided certain conditions are met, such as criteria as to the assets and experience of the counterparty to the contract.
The term futures contract is defined by section 37(1) of the Securities Markets 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 Securities Commission to carry on the business of dealing in futures contracts.